New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 20 - GOVERNMENTAL GROSS RECEIPTS
Section 3.2.20.27 - GOVERNMENTALLY-OWNED WATER UTILITIES - INSTALLATION AND STAND-BY CHARGES - MINIMUM CHARGES
Universal Citation: 3 NM Admin Code 3.2.20.27
Current through Register Vol. 35, No. 18, September 24, 2024
A. Receipts of a water utility owned or operated by an agency, institution, instrumentality or political subdivision of the state of New Mexico from connect, disconnect, installation or stand-by charges or the like are not receipts from selling water or another taxable activity and therefore are not governmental gross receipts.
B. "Stand-by" charges are receipts other than from the sale of water by a utility and are imposed only where water has not been connected or is not being furnished. Minimum usage charges imposed upon persons connected to the utility are charges for the sale of water and are not stand-by charges.
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