New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 209 - GOVERNMENTAL GROSS RECEIPTS
Section 3.2.209.10 - MATERIALS IN CONCRETE WORK

Universal Citation: 3 NM Admin Code 3.2.209.10

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

A. Receipts from selling materials and special coating used in concrete work may be deducted from gross receipts if the materials sold become an ingredient or component part of a construction project and if the other requirements of Section 7-9-51 NMSA 1978 are met.

B. Concrete curing compounds, hardening agents and liquid curing compounds which remain on or in concrete become ingredient or component parts of construction projects within the meaning of Section 7-9-51 NMSA 1978.

C. Form coatings and form oils used to ease the separation of forms from concrete and snap ties, even though they remain imbedded in concrete, do not become ingredient or component parts of construction projects within the meaning of Section 7-9-51 NMSA 1978.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.