New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 237 - DEDUCTION - COMPENSATING TAX
Section 3.2.237.9 - TRANSPORTATION OR FREIGHT CHARGES
Universal Citation: 3 NM Admin Code 3.2.237.9
Current through Register Vol. 35, No. 18, September 24, 2024
As transportation costs paid by the seller to the carrier are an element of the sales price of the property, when equipment not required to be registered under the Motor Vehicle Code is purchased outside New Mexico and is brought into New Mexico for use, the value of the equipment as well as the freight costs are subject to the 50% deduction in computing the compensating tax due.
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