New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 209 - GOVERNMENTAL GROSS RECEIPTS
Section 3.2.209.7 - INGREDIENT OR COMPONENT PART DEFINED
Universal Citation: 3 NM Admin Code 3.2.209.7
Current through Register Vol. 35, No. 18, September 24, 2024
To be an "ingredient or component part" as used in Section 7-9-51 NMSA 1978 the tangible property must be an intended part of the finished project. The finished project is the end product of construction.
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