N.M. Admin. Code § 3.2.218.13
Current through Register Vol. 35, No. 21, November 5, 2024
Gases, such as natural gas, nitrogen, carbon dioxide, helium, oxygen, propane, acetylene and nitrous oxide, are tangible personal property. Therefore receipts from selling gases to a 501(c)(3) organization may be deducted from gross receipts under Section 7 9 60 NMSA 1978 if the organization delivers a properly executed non-taxable transaction certificate or alternative evidence to the seller.
N.M. Admin. Code § 3.2.218.13