N.M. Admin. Code § 3.2.222.8

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

Section 3.2.222.8 - "NEWSPAPER" DEFINED

A. As used in Sections 7-9-63 and 7-9-64 NMSA 1978, the term "newspaper" is limited to those publications which are commonly understood to be newspapers and which are printed and distributed periodically at daily, weekly or other short intervals for the dissemination of news. The term does not include handbills, circulars, flyers or the like, unless printed and distributed as a part of a publication which otherwise constitutes a newspaper within the meaning of this subsection. Advertising is not considered to be news. Newspapers are not bound or stapled; magazines are.

B. Example: N is a newspaper publishing company. N also prints advertising circulars for various businesses. These circulars are delivered to the businesses which ordered them. The business then arranges for dissemination of the circulars in ways other than as inserts to N's newspaper. N's receipts from printing these circulars are not deductible under Section 7-9-64 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, 5/7/93, 10/15/96; 3.2.222.8 NMAC - Rn, 3 NMAC 2.64.8 & A, 6/14/01