New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 209 - GOVERNMENTAL GROSS RECEIPTS
Section 3.2.209.16 - BURNER FUEL
Universal Citation: 3 NM Admin Code 3.2.209.16
Current through Register Vol. 35, No. 18, September 24, 2024
Receipts from selling burner fuel used to heat aggregates and asphalt to a person engaged in the construction business may not be deducted from gross receipts since burner fuel does not become an ingredient or component part of a construction project within the meaning of Section 7-9-51 NMSA 1978.
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