New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 300 - CREDIT - GROSS RECEIPTS TAX - SERVICES
Section 3.2.300.9 - CREDIT FOR TAX PAID ON SERVICES PERFORMED OUTSIDE THE STATE
Universal Citation: 3 NM Admin Code 3.2.300.9
Current through Register Vol. 35, No. 18, September 24, 2024
Under Section 7-9-79.1 NMSA 1978, if another state's sales, gross receipts, or similar tax is paid on services performed outside the state, the gross receipts from which would be subject to the New Mexico gross receipts tax, the taxpayer may take a credit for against the gross receipts tax owed for an amount of the other state's tax paid, provided the credit may not exceed gross receipts tax due on each transaction.
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