New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 209 - GOVERNMENTAL GROSS RECEIPTS
Section 3.2.209.22 - INGREDIENT AND COMPONENT PARTS OF A CONSTRUCTION PROJECT
Universal Citation: 3 NM Admin Code 3.2.209.22
Current through Register Vol. 35, No. 18, September 24, 2024
In determining whether tangible personal property will become an ingredient or component part of a construction project, the department will use the following criteria, but not exclusively:
A. Was the person performing the work using the tangible personal property required to be licensed under the Construction Industries Licensing Act, Sections 60-13-1 to 60-13-59 NMSA 1978.
B. Did the work for which the tangible personal property was used require a permit from one or more of the trade boards established by the Construction Industries Licensing Act or from a municipal building or mechanical department.
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