N.M. Admin. Code § 3.2.209.24
Current through Register Vol. 35, No. 23, December 10, 2024
A person who purchases construction materials using a nontaxable transaction certificate and who subsequently uses the construction materials on a project located either outside the state of New Mexico or on a project, other than a project sold to an Indian nation, tribe or pueblo or its member that is located on the tribal territory of that Indian nation, tribe or pueblo, not subject to the gross receipts tax upon completion shall be liable for the compensating tax on the value of the materials used. This version of 3.2.209.24 NMAC applies retroactively to transactions occurring on or after March 7, 2000.
N.M. Admin. Code § 3.2.209.24