New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 242 - DEDUCTION - GROSS RECEIPTS TAX - RECEIPTS OF RETAILERS FROM SALES OF CERTAIN TANGIBLE PERSONAL PROPERTY
Section 3.2.242.8 - ITEMS NORMALLY SOLD AS A UNIT
Universal Citation: 3 NM Admin Code 3.2.242.8
Current through Register Vol. 35, No. 18, September 24, 2024
Articles normally sold as a unit must be sold that way during the time period specified in Section 7-9-95 NMSA 1978 to qualify for the deduction. They cannot be priced separately and sold as individual items to qualify for the deduction. For example, shoes normally sold in a pair for $180 cannot be sold singly for $90 each to qualify for the deduction.
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