N.M. Admin. Code § 3.2.235.11

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

Section 3.2.235.11 - RECEIPTS FROM NON-MANUFACTURERS FOR "GET READY"

Amounts paid to a New Mexico automotive dealer by another dealer for inspection and other "get ready" operations performed on new vehicles being sold by the other dealer may not be deducted under a Type 13 nontaxable transaction certificate issued by the other dealer since the New Mexico dealer is not performing the services for the manufacturer.

6/20/89, 11/26/90, 11/15/96; 3.2.235.11 NMAC - Rn, 3 NMAC 2.75.11, 6/14/01