New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 112 - EXEMPTION - GROSS RECEIPTS TAX - INSURANCE COMPANIES
Section 3.2.112.10 - UNRELATED BUSINESSES
Universal Citation: 3 NM Admin Code 3.2.112.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. The receipts of an insurance company or any agent thereof from the operation of a business or trade other than the insurance business in New Mexico are subject to the gross receipts tax.
B. Such receipts are not exempted from the gross receipts tax pursuant to Section 7-9-24 NMSA 1978 because they are not receipts derived from premiums.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
