New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 6 - SEPARATELY STATING THE GROSS RECEIPTS TAX
Section 3.2.6.9 - WHO IS THE TAXPAYER
Universal Citation: 3 NM Admin Code 3.2.6.9
Current through Register Vol. 35, No. 18, September 24, 2024
A. The gross receipts tax is imposed on persons engaging in business in New Mexico. Such persons are solely liable for payment of the tax; they are not "collectors" on behalf of the state.
B. Section 7-9-6 NMSA 1978 treats as gross receipts, subject to the gross receipts tax, any amount of money shown on the books and records of a seller or lessor as the tax on receipts from a transaction which is in excess of the tax the seller or lessor is liable to report and pay to the department.
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