New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 206 - DEDUCTION - GROSS RECEIPTS TAX - SALE OF A SERVICE FOR RESALE
Section 3.2.206.15 - MEDICAL SERVICES

Universal Citation: 3 NM Admin Code 3.2.206.15

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

A. Medical laboratory services. Receipts from the sale of medical laboratory services, such as blood test analysis, urine analysis and similar test analysis, to a practitioner of the healing arts may be deducted from gross receipts if the practitioner delivers to the seller a nontaxable transaction certificate and the subsequent sale is in the ordinary course of the practitioner's business and is subject to the gross receipts tax. This version of Subsection A of Section 3.2.206.15 NMAC applies to transactions occurring on or after July 1, 2000.

B. Anesthetists' services. The receipts of an anesthetist from performance of service for a surgeon may be deducted from gross receipts if the surgeon resells the service to a patient and delivers a nontaxable transaction certificate (nttc) to the anesthetist. The surgeon delivering the nttc must separately state the value of the service purchased in the charge for the service on its subsequent sale, and the subsequent sale must be in the ordinary course of business and subject to the gross receipts tax. If these conditions are not satisfied, the surgeon will be subject to the compensating tax on the value of the service purchased.

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