New Mexico Administrative Code
Title 3 - TAXATION
Chapter 16 - MOTOR VEHICLE FUEL TAXES
Part 203 - EXEMPTIONS
Section 3.16.203.9 - SALES TO OTHER DISTRIBUTORS ARE NOT DEDUCTIBLE
Universal Citation: 3 NM Admin Code 3.16.203.9
Current through Register Vol. 35, No. 18, September 24, 2024
Petroleum product loaded or imported by a distributor and sold to another distributor may not be deducted from the amount of petroleum product loaded in New Mexico, even though the other distributor is bonded and registered, because the purchasing distributor did not "load" petroleum product within the meaning of the act.
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