New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS
Section 3.2.225.12 - SALES "NOT SUBJECT" TO GROSS RECEIPTS TAX
Universal Citation: 3 NM Admin Code 3.2.225.12
Current through Register Vol. 35, No. 18, September 24, 2024
Receipts derived from commissions on sales of tangible personal property, the receipts from which sales are either exempted from the gross receipts tax or deductible from gross receipts, may be deducted from gross receipts.
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