N.M. Admin. Code § 3.2.206.19
Current through Register Vol. 36, No. 1, January 14, 2025
Receipts from selling services such as grave digging and organ playing to morticians for use in their business are receipts from selling a service for resale and may be deducted from gross receipts if the mortician buying the service delivers a nontaxable transaction certificate (nttc) to the seller. The subsequent sale must be in the ordinary course of the mortician's business and subject to the gross receipts tax or the mortician will be liable for the compensating tax on the value of the service. This version of 3.2.206.19 NMAC applies to transactions occurring on or after July 1, 2000.
N.M. Admin. Code § 3.2.206.19