N.M. Admin. Code § 3.2.225.12

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.2.225.12 - SALES "NOT SUBJECT" TO GROSS RECEIPTS TAX

Receipts derived from commissions on sales of tangible personal property, the receipts from which sales are either exempted from the gross receipts tax or deductible from gross receipts, may be deducted from gross receipts.

N.M. Admin. Code § 3.2.225.12

3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.225.12 NMAC - Rn, 3 NMAC 2.66.1.12, 6/14/01