PocketLaw | New Mexico Statutes | Gross Receipts and Compensating Tax

Gross Receipts and Compensating Tax

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Short title.

Purpose.

Definitions.

Section
7-9-3.1

Repealed.

Section
7-9-3.2

Additional definition.

Section
7-9-3.3

Definition; engaging in business.

Section
7-9-3.4

Definitions; construction and construction materials.

Section
7-9-3.4

Definitions; construction, construction materials and construction-related services. (Effective July 1, 2021.)

Section
7-9-3.5

Definition; gross receipts.

Imposition and rate of tax; denomination as "gross receipts tax".

Section
7-9-4.1

Repealed.

Section
7-9-4.2

Repealed.

Section
7-9-4.3

Imposition and rate of tax; denomination as "governmental gross receipts tax".

Presumption of taxability.

Separately stating the gross receipts tax.

Imposition and rate of tax; denomination as "compensating tax".

Imposition and rate of tax; denomination as "compensating tax". (Effective July 1, 2021.)

Section
7-9-7.1

Department barred from taking collection actions with respect to certain tax liabilities.

Section
7-9-7.2

Authority to establish standards for certified service providers.

Presumption of taxability and value.

Liability of user for payment of compensating tax.

Agents for collection of compensating tax; duties.

Date payment due.

Exemptions.

Section
7-9-12.1

Repealed.

Exemption; gross receipts tax; governmental agencies.

Section
7-9-13.1

Exemption; gross receipts tax; services performed outside the state the product of which is initially used in New Mexico; exceptions.

Section
7-9-13.1

Exemption; gross receipts tax; certain services. (Effective July 1, 2021.)

Section
7-9-13.2

Exemption; governmental gross receipts tax; receipts subject to certain other taxes.

Section
7-9-13.3

Exemption; gross receipts tax and governmental gross receipts tax; stadium surcharge.

Section
7-9-13.4

Exemption; gross receipts tax; sale of textbooks from certain bookstores to enrolled students.

Section
7-9-13.5

Exemption; gross receipts tax and governmental gross receipts tax; event center surcharge.

Exemption; compensating tax; governmental agencies; Indians.

Exemption; compensating tax; certain organizations.

Exemption; gross receipts tax; certain nonprofit facilities.

Exemption; gross receipts tax; wages.

Exemption; gross receipts tax and governmental gross receipts tax; agricultural products.

Section
7-9-18.1

Exemption; gross receipts tax; food stamps.

Exemption; gross receipts tax; livestock feeding.

Exemption; gross receipts tax; certain receipts of homeowners associations.

Repealed.

Exemption; gross receipts tax; vehicles.

Section
7-9-22.1

Exemption; gross receipts tax; boats.

Exemption; compensating tax; vehicles.

Section
7-9-23.1

Exemption; compensating tax; boats.

Exemption; gross receipts tax; insurance companies.

Exemption; gross receipts tax; dividends and interest.

Exemption; gross receipts and compensating tax; fuel.

Section
7-9-26.1

Exemption; gross receipts tax and compensating tax; fuel for space vehicles.

Exemption; compensating tax; personal effects.

Exemption; gross receipts tax; occasional sale of property or services.

Exemption; gross receipts tax; certain organizations; exceptions.

Exemption; compensating tax; railroad equipment, aircraft and space vehicles.

Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality.

Exemption; gross receipts tax; oil and gas or mineral interests.

Exemption; gross receipts tax; products subject to Oil and Gas Emergency School Tax Act.

Exemption; gross receipts tax; refiners and persons subject to Natural Gas Processors Tax Act.

Exemption; gross receipts tax; natural resources subject to Resources Excise Tax Act.

Exemption; gross receipts tax; oil and gas consumed in the pipeline transportation of oil and gas products.

Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.

Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity.

Section
7-9-38.1

Exemption; gross receipts tax; interstate telecommunications services.

Section
7-9-38.2

Exemption; gross receipts tax; sale of certain telecommunications services.

Exemption; gross receipts tax; fees from social organizations.

Exemption; gross receipts tax; purses and jockey remuneration at New Mexico racetracks; receipts from gross amounts wagered.

Exemption; gross receipts tax; religious activities.

Section
7-9-41.1

Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge.

Section
7-9-41.2

Deleted.

Section
7-9-41.3

Exemption; receipts from sales by disabled street vendors.

Section
7-9-41.4

Exemption; officiating at New Mexico activities association-sanctioned school events.

Section
7-9-41.5

Exemption; nonprofit hospitals from local option gross receipts taxes.

Section
7-9-41.6

Exemption; gross receipts; certain health care providers from federal coronavirus aid, relief, and economic security act payments.

Repealed.

Nontaxable transaction certificates and other evidence required to entitle persons to deductions.

Section
7-9-43.1

Nontaxable transaction certificates not required by liquor wholesalers.

Repealed.

Deductions.

Deduction; gross receipts tax; governmental gross receipts; sales to manufacturers.

Deduction; gross receipts tax; governmental gross receipts tax; sale of tangible personal property or licenses for resale.

Deduction; gross receipts tax; governmental gross receipts; sale of a service for resale.

Deduction; gross receipts tax; sale of tangible personal property and licenses for leasing.

Deduction; gross receipts tax; lease for subsequent lease.

Deduction; gross receipts tax; sale of construction material to persons engaged in the construction business.

Section
7-9-51.1

Repealed.

Deduction; gross receipts tax; sale of construction services and construction-related services to persons engaged in the construction business.

Section
7-9-52.1

Deduction; gross receipts tax; lease of construction equipment to persons engaged in the construction business.

Deduction; gross receipts tax; sale or lease of real property and lease of manufactured homes.

Deduction; gross receipts tax; governmental gross receipts tax; sales to governmental agencies.

Section
7-9-54.1

Deduction; gross receipts from sale of aerospace services to certain organizations.

Section
7-9-54.2

Gross receipts; deduction; spaceport operation; space operations; launching, operating and recovering space vehicles or payloads; payload services; operationally responsive space program services.

Section
7-9-54.3

Deduction; gross receipts tax; wind and solar generation equipment; sales to governments.

Section
7-9-54.4

Deduction; compensating tax; space-related test articles.

Section
7-9-54.5

Deduction; compensating tax; test articles.

Deduction; gross receipts tax; governmental gross receipts tax; transaction in interstate commerce.

Deduction; gross receipts tax; intrastate transportation and services in interstate commerce.

Section
7-9-56.1

Deduction; gross receipts tax; internet services.

Section
7-9-56.2

Deduction; gross receipts tax; hosting world wide web sites.

Section
7-9-56.3

Deduction; gross receipts; trade-support company in a border zone.

Deduction; gross receipts tax; sale of certain services to an out-of-state buyer.

Section
7-9-57.1

Repealed.

Section
7-9-57.2

Deduction; gross receipts tax; sale of software development services.

Deduction; gross receipts tax; feed; fertilizers.

Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products; testing or transporting milk.

Deduction; gross receipts tax; governmental gross receipts tax; sales to certain organizations.

Repealed.

Section
7-9-61.1

Deduction; gross receipts tax; certain receipts.

Section
7-9-61.2

Deduction; receipts from sales to state-chartered credit unions.

Deduction; gross receipts tax; agricultural implements; aircraft manufacturers; vehicles that are not required to be registered; aircraft parts and maintenance services; reporting requirements.

Section
7-9-62.1

Deduction; gross receipts tax; aircraft sales and services; reporting requirements.

Deduction; gross receipts tax; publication sales.

Deduction; gross receipts tax; newspaper sales.

Deduction; gross receipts tax; chemicals and reagents.

Deduction; gross receipts tax; commissions.

Section
7-9-66.1

Deduction; gross receipts tax; certain real estate transactions.

Deduction; gross receipts tax; governmental gross receipts tax; refunds; uncollectible debts.

Deduction; gross receipts tax; warranty obligations.

Deduction; gross receipts tax; administrative and accounting services.

Deduction; gross receipts tax; rental or lease of vehicles used in interstate commerce.

Deduction; gross receipts tax; trade-in allowance.

Repealed.

Deduction; gross receipts tax; governmental gross receipts; sale of prosthetic devices.

Section
7-9-73.1

Deduction; gross receipts; governmental gross receipts; hospitals.

Section
7-9-73.2

Deduction; gross receipts tax and governmental gross receipts tax; prescription drugs; oxygen.

Section
7-9-73.3

Deduction; gross receipts tax and governmental gross receipts tax; durable medical equipment; medical supplies.

Deduction; gross receipts tax; sale of property used in the manufacture of jewelry.

Deduction; gross receipts tax; sale of certain services performed directly on product manufactured.

Deduction; gross receipts tax; travel agents' commissions paid by certain entities.

Section
7-9-76.1

Deduction; gross receipts tax; certain manufactured homes.

Section
7-9-76.2

Deduction; gross receipts tax; films and tapes.

Deductions; compensating tax.

Section
7-9-77.1

Deduction; gross receipts tax; certain medical and health care services.

Deductions; compensating tax; use of tangible personal property for leasing.

Section
7-9-78.1

Deduction; compensating tax; uranium enrichment plant equipment.

Credit; compensating tax.

Section
7-9-79.1

Credit; gross receipts tax; services.

Section
7-9-79.2

Gross receipts tax; compensating tax; biodiesel blending facility tax credit.

Repealed.

Section
7-9-80.1

Repealed.

Repealed.

Repealed.

Deduction; gross receipts tax; jet fuel.

Deduction; compensating tax; jet fuel.

Deduction; gross receipts tax; certain organization fundraisers.

Deduction; gross receipts tax; sales to qualified film production company.

Deduction; gross receipts tax; lottery retailer receipts.

Repealed.

Section
7-9-88.1

Credit; gross receipts tax; tax paid to certain tribes.

Section
7-9-88.2

Credit; gross receipts tax; tax paid to Navajo Nation on receipts from selling coal.

Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions.

Deductions; gross receipts tax; sales of uranium hexafluoride and enrichment of uranium.

Deduction; compensating tax; contributions of inventory to certain organizations and governmental agencies.

Deduction; gross receipts; sale of food at retail food store.

Deduction; gross receipts; certain receipts for services provided by health care practitioner.

Deduction; gross receipts; military transformational acquisition programs.

Deduction; gross receipts tax; sales of certain tangible personal property; limited period.

Repealed.

Section
7-9-96.1

Repealed.

Section
7-9-96.2

Credit; gross receipts tax; unpaid charges for services provided in a hospital.

Section
7-9-96.3

Technology readiness gross receipts tax credit; technology readiness gross receipts tax credit fund. (Repealed effective July 1, 2024.)

Deduction; gross receipts tax; receipts from certain purchases by or on behalf of the state.

Deduction; compensating tax; biomass-related equipment; biomass materials.

Deduction; gross receipts tax; sale of engineering, architectural and new facility construction services used in construction of certain public health care facilities.

Section
7-9-100

Deduction; gross receipts tax; sale of construction equipment and construction materials used in new facility construction of a sole community provider hospital [qualifying hospital] that is located in a federally designated health professional shortage area.

Section
7-9-101

Deduction; gross receipts; equipment for certain electric transmission or storage facilities.

Section
7-9-102

Deduction; compensating tax; equipment for certain electric transmission or storage facilities.

Section
7-9-103

Deduction; gross receipts; services provided for certain electric transmission and storage facilities.

Section
7-9-103.1

Deduction; gross receipts tax; converting electricity.

Section
7-9-103.2

Deduction; gross receipts; electricity exchange.

Section
7-9-104

Deduction; gross receipts; nonathletic special event at post-secondary educational institution.

Section
7-9-105

Credit for penalty pursuant to Section 7-1-71.2 NMSA 1978 [repealed].

Section
7-9-106

Deduction; construction services and equipment.

Section
7-9-107

Deduction; gross receipts tax; production or staging of professional contests.

Section
7-9-108

Deduction; gross receipts; receipts from performing management or investment advisory services for mutual funds, hedge funds or real estate investment trusts.

Section
7-9-109

Deduction; gross receipts tax; veterinary medical services, medicine or medical supplies used in medical treatment of cattle.

Section
7-9-110

Deleted.

Section
7-9-110.1

Deduction; gross receipts tax; locomotive engine fuel.

Section
7-9-110.2

Deduction; compensating tax; locomotive engine fuel.

Section
7-9-110.3

Purpose and requirements of locomotive fuel deduction.

Section
7-9-111

Deduction; gross receipts; hearing aids and vision aids and related services.

Section
7-9-112

Deduction; gross receipts; solar energy systems.

Section
7-9-113

Repealed.

Section
7-9-114

Advanced energy deduction; gross receipts and compensating taxes.

Section
7-9-115

Deduction; gross receipts tax; goods and services for the department of defense related to directed energy and satellites.

Section
7-9-116

Deduction; gross receipts tax; retail sales by certain businesses.

Section
7-9-117

Deduction; gross receipts; governmental gross receipts; marketplace seller.