New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 117 - EXEMPTION - GROSS RECEIPTS TAX - CERTAIN ORGANIZATIONS
Section 3.2.117.10 - RECEIPTS OF 501(c)(6) ORGANIZATIONS - EXAMPLES
Universal Citation: 3 NM Admin Code 3.2.117.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. Some examples of receipts of 501(c)(6) organizations from "carrying on chamber of commerce, visitor bureau and convention bureau functions" are:
(1)
Receipts from sales of audio or video materials promoting the local
area.
(2) Receipts from admission
fees to business seminars sponsored by the 501(c)(6) organization either by
itself or in cooperation with other entities.
(3) Receipts of the 501(c)(6) organization
from fund-raising events.
B. Section 3.2.117.10 NMAC is applicable to transactions occurring on or after July 1, 1988.
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