us-nm/regs
3.2.118 NMAC — EXEMPTION - COMPENSATING TAX - RAILROAD EQUIPMENT AND AIRCRAFT
ISSUING AGENCY
3.2.118.1 ISSUING AGENCY: Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630
[11/15/96; 3.2.118.1 NMAC - Rn, 3 NMAC 2.30.1, 5/15/01]
SCOPE
3.2.118.2 SCOPE: This part applies to railroads and other persons using railroad equipment in railroad transportation and to airlines and other person using aircraft in interstate transportation.
[11/15/96; 3.2.118.2 NMAC - Rn, 3 NMAC 2.30.2, 5/15/01]
STATUTORY AUTHORITY
3.2.118.3 STATUTORY AUTHORITY: Section 9-11-6.2 NMSA 1978.
[11/15/96; 3.2.118.3 NMAC - Rn, 3 NMAC 2.30.3, 5/15/01]
DURATION
3.2.118.4 DURATION: Permanent.
[11/15/96; 3.2.118.4 NMAC - Rn, 3 NMAC 2.30.4, 5/15/01]
EFFECTIVE DATE
3.2.118.5 EFFECTIVE DATE: 11/15/96, unless a later date is cited at the end of a section, in which case the later date is the effective date.
[11/15/96; 3.2.118.5 NMAC - Rn, 3 NMAC 2.30.5 & A, 5/15/01]
OBJECTIVE
3.2.118.6 OBJECTIVE: The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Gross Receipts and Compensating Tax Act.
[11/15/96; 3.2.118.6 NMAC - Rn, 3 NMAC 2.30.6, 5/15/01]
RAILROAD DEFINED
3.2.118.7 RAILROAD DEFINED: A "railroad" is an enterprise created and operated to carry on a fixed track passengers and freight, or passengers or freight, for rates or tolls, without discrimination as to those who demand transportation.
[12/5/69, 3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.118.7 NMAC - Rn, 3 NMAC 2.30.7, 5/15/01]
HISTORY OF 3.2.118 NMAC:
Pre-NMAC History:
BOR 67-2, NM Gross Receipts and Compensating Tax Regulations, September 1967, filed 9/29/67.
BOR 69-4, Regulations in Effect and Pertaining to the New Mexico Gross Receipts and Compensating Tax Act, 12-5-69, filed 12/5/69.
BOR 72-4, Regulations in Effect and Pertaining to the New Mexico Gross Receipts and Compensating Tax Act, 3/9/72, filed 3/9/72.
BOR 74-2, Regulations in Effect and Pertaining to the New Mexico Gross Receipts and Compensating Tax Act, 12/15/73, filed 3/20/74.
BOR 76-1, Regulations in Effect and Pertaining to the New Mexico Gross Receipts and Compensating Tax Act, 7/26/76, filed 7/26/76.
R.D.79-1, Gross Receipts and Compensating Tax Act Regulations, filed 6/18/79.
R.D. Rule No. 82, Regulations Pertaining to the Gross Receipts and Compensating Tax Act, Sections 7-9-1 to 7-9-80.1 NMSA 1978, filed 4/7/82.
R.D. Rule No. 84, Regulations Pertaining to the Gross Receipts and Compensating Tax Act, Sections 7-9-1 to 7-9-80.1 NMSA 1978, filed 5/4/84.
TRD Rule No. 9-86, Regulations Pertaining to the Gross Receipts and Compensating Tax Act, Sections 7-9-1 to 7-9-80.1 NMSA 1978, filed 4/2/86.
TRD Rule GR-90, Regulations Pertaining to the Gross Receipts and Compensating Tax Act, Sections 7-9-1 to 7-9-80.1 NMSA 1978, filed 11/26/90.
History of Repealed Material: [RESERVED]
NMAC History:
3 NMAC 2.30, Exemption - Compensating Tax - Railroad Equipment and Aircraft, filed 11/4/96.
3.2.118 NMAC, Exemption - Compensating Tax - Railroad Equipment and Aircraft, filed 4/30/2001.
Source: official text