N.M. Admin. Code § 3.2.209.16

Current through Register Vol. 35, No. 23, December 10, 2024

Section 3.2.209.16 - BURNER FUEL

Receipts from selling burner fuel used to heat aggregates and asphalt to a person engaged in the construction business may not be deducted from gross receipts since burner fuel does not become an ingredient or component part of a construction project within the meaning of Section 7-9-51 NMSA 1978.

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.209.16 NMAC - Rn, 3 NMAC 2.51.16 & A, 5/31/01