New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES
Section 3.2.222.12 - SALE OF NEWSPAPER BY PRINTER
Universal Citation: 3 NM Admin Code 3.2.222.12
Current through Register Vol. 35, No. 18, September 24, 2024
The receipts of a printer who manufactures newspapers for a publisher may take the deduction provided in Section 7-9-64 NMSA 1978 without regard to whether the newspapers are resold or distributed free of charge by the publisher. No nontaxable transaction certificate needs be delivered to the printer but the printer must retain sufficient documentation to show that the product manufactured was a newspaper.
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