New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 214 - DEDUCTION - GROSS RECEIPTS TAX - INTRASTATE TRANSPORTATION AND SERVICES IN INTERSTATE COMMERCE
Section 3.2.214.11 - PUBLIC DISTRIBUTION WAREHOUSE
Universal Citation: 3 NM Admin Code 3.2.214.11
Current through Register Vol. 35, No. 18, September 24, 2024
A. A "public distribution warehouse center" is a person who is engaged in the business of storing and distributing the property of others and who performs the following package of services for at least the majority of its clients:
(1) stores
tangible personal property owned by the client; and
(2) upon order of the client,
(a) withdraws the tangible personal property
from storage;
(b) re-packages or
otherwise prepares the tangible personal property for delivery; and
(c) delivers the tangible personal property
to customers of the client from the client's stored property, regardless of
whether delivery is accomplished through the person's own employees and
vehicles or through those of a third party.
B. Section 3.2.214.11 NMAC is retroactively applicable to transactions occurring on or after July 1, 1994.
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