New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 117 - EXEMPTION - GROSS RECEIPTS TAX - CERTAIN ORGANIZATIONS
Section 3.2.117.9 - RECEIPTS OF 501(c)(6) ORGANIZATIONS AFTER JULY 1, 1988 - GENERAL RULES

Universal Citation: 3 NM Admin Code 3.2.117.9

Current through Register Vol. 35, No. 18, September 24, 2024

A. For the purposes of the exemption provided by Subsection B of Section 7-9-29 NMSA 1978, a chamber of commerce, visitor bureau or convention bureau function is an activity commonly, usually or typically carried on by such an organization. Receipts of a 501(c)(6) organization from activities which are never, rarely or atypically carried on by chambers of commerce, visitor bureaus or convention bureaus are not exempt from gross receipts tax under Subsection B of Section 7-9-29 NMSA 1978, regardless of whether those receipts are exempt from federal income tax.

B. It is not necessary for the words "chamber of commerce", "visitor bureau" or "convention bureau" to appear in the name of the 501(c)(6) organization for the exemption to apply.

C. Section 3.2.117.9 NMAC is applicable to transactions occurring on or after July 1, 1988.

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