New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 109 - EXEMPTION - GROSS RECEIPTS TAX - VEHICLES
Section 3.2.109.9 - ADDITIONAL EQUIPMENT
Current through Register Vol. 35, No. 18, September 24, 2024
A. Receipts from the sale of motor vehicle bodies, accessories, equipment and the like, whether sold separately or mounted on the vehicle are not subject to this exemption except where their value is included in computing the tax paid under the Motor Vehicle Excise Tax Act on the sale of a vehicle.
B. Example: M buys a pickup from R Motor Company. Three days after the truck is purchased, M buys a camper attachment for the pickup from R. The value of the camper attachment was not included in computing the tax imposed by the Motor Vehicle Excise Tax Act on the pickup. R's receipts from the sale of the camper are subject to the gross receipts tax.