N.M. Admin. Code § 3.2.222.12
Current through Register Vol. 35, No. 23, December 10, 2024
The receipts of a printer who manufactures newspapers for a publisher may take the deduction provided in Section 7-9-64 NMSA 1978 without regard to whether the newspapers are resold or distributed free of charge by the publisher. No nontaxable transaction certificate needs be delivered to the printer but the printer must retain sufficient documentation to show that the product manufactured was a newspaper.
N.M. Admin. Code § 3.2.222.12