New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 113 - EXEMPTION - GROSS RECEIPTS TAX - DIVIDENDS AND INTEREST
Section 3.2.113.8 - STOCKBROKER'S COMMISSIONS
Universal Citation: 3 NM Admin Code 3.2.113.8
Current through Register Vol. 35, No. 18, September 24, 2024
Commissions received by stockbrokers, located in New Mexico, are not receipts from the sale of stocks, bonds or securities. The commissions are receipts from the performance of a service in New Mexico and are subject to the gross receipts tax.
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.
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