New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES
Section 3.2.222.9 - CREDIT BUREAU PUBLICATION

Universal Citation: 3 NM Admin Code 3.2.222.9

Current through Register Vol. 35, No. 18, September 24, 2024

A. Receipts from selling the publication of a credit bureau which provides information to subscribers concerning such matters as the filing of suits, mortgages and deeds and other information of interest to merchants and others who extend credit, whether sold as part of a credit service agreement or sold separately to subscribers not using a credit service, are subject to the gross receipts tax.

B. Such a publication is not a newspaper within the meaning of either Section 7-9-63 NMSA 1978 or 7-9-64 NMSA 1978. The receipts from selling such a publication are not entitled to the deduction from gross receipts provided by Section 7-9-64 NMSA 1978.

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