N.M. Admin. Code § 3.2.214.11

Current through Register Vol. 35, No. 21, November 5, 2024

Section 3.2.214.11 - PUBLIC DISTRIBUTION WAREHOUSE

A. A "public distribution warehouse center" is a person who is engaged in the business of storing and distributing the property of others and who performs the following package of services for at least the majority of its clients:

(1) stores tangible personal property owned by the client; and

(2) upon order of the client,

(a) withdraws the tangible personal property from storage;

(b) re-packages or otherwise prepares the tangible personal property for delivery; and

(c) delivers the tangible personal property to customers of the client from the client's stored property, regardless of whether delivery is accomplished through the person's own employees and vehicles or through those of a third party.

B. Section 3.2.214.11 NMAC is retroactively applicable to transactions occurring on or after July 1, 1994.

N.M. Admin. Code § 3.2.214.11

2/22/95, 11/15/96; 3.2.214.11 NMAC - Rn, 3 NMAC 2.56.11 & A, 5/31/01