New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 105 - EXEMPTION - GROSS RECEIPTS TAX - WAGES
Section 3.2.105.11 - EMPLOYER REIMBURSEMENT OF EXPENDITURES TO EMPLOYEES
Universal Citation: 3 NM Admin Code 3.2.105.11
Current through Register Vol. 35, No. 18, September 24, 2024
An employee's receipts of reimbursements from the employer for expenses incurred by that employee in the performance of the duties and responsibilities assigned to the employee are exempt from gross receipts tax as remuneration paid to the employee. The provisions of Section 3.2.105.11 NMAC shall not be construed to allow an exemption under the provisions of Section 7-9-17 NMSA 1978 of any receipts of the employer which are represented to be charges to the customer for employee wages, salaries, commissions, reimbursement of employee expenditures or any other form of remuneration paid or to be paid to the employee.
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