NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-10-2
Purpose of act
Official textnmonesource.comlast amended
The purpose of the Gross Receipts Tax Registration Act is to ensure that all persons doing business with the state, whether leasing property employed in New Mexico, performing services in New Mexico or selling property in New Mexico, are registered with the department for payment of the gross receipts tax.
Amendment history
1953 Comp., § 72-16A-31, enacted by Laws 1970, ch. 26, § 2; 1995, ch. 70, § 8.
Source: official source (NMSA chapter on nmonesource.com)
In this article (5 sections)
- 7-10-1 · Short title
- 7-10-2 · Purpose of act
- 7-10-3 · Definitions
- 7-10-4 · 7-10-4
- 7-10-5 · Penalty for noncompliance