NMSA 1978, § 7-12-10.1 — 7-12-10.1

Retention of invoices and records; inspection by
department.

# A.

A manufacturer, distributor or retailer shall maintain copies of invoices for each of
its facilities for every transaction involving a cigarette sale, purchase, transfer, receipt or
consignment, except that a retailer need not retain copies of invoices for sales of
cigarettes to consumers. An invoice shall show:
(1) the names and addresses of all persons involved in the transaction,
including the seller, purchaser, consignor and consignee. If a transaction involves an
additional facility of the same manufacturer, distributor or retailer, the invoice shall also
show the address of the additional facility;
(2) the date;
(3) the price; and
(4) the quantity of each brand of cigarettes involved in each transaction.

# B.

Records required to be maintained pursuant to Subsection A of this section shall
be preserved on the premises described in the license in a manner that ensures
permanency and accessibility for inspection at reasonable hours by the department.

# C.

The records required to be maintained pursuant to Subsection A of this section
shall be retained for a period of three years from the end of the year in which the
transaction occurred, unless otherwise required by law to be retained for a longer period
of time.

# D.

The department and the secretary of the United States department of the
treasury, or a designee, may inspect the reports and records required pursuant to the
Cigarette Tax Act along with any stock of cigarettes in the possession of the
manufacturer, distributor or retailer. The department, at its sole discretion, may share
those records and reports with law enforcement officials of the federal government,
other states and international authorities.