NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-5A-3

Definitions

Official textnmonesource.comlast amended 200512 subsections

As used in the Streamlined Sales and Use Tax Administration Act:

# A.

"agreement" means the streamlined sales and use tax agreement;

# B.

"certified automated system" means software certified jointly by member states to:

# (1)

calculate the sales tax imposed by each jurisdiction on a transaction;

# (2)

determine the amount of tax to remit to the appropriate state; and

# (3)

maintain a record of the transaction;

# C.

"certified service provider" means an agent that performs all of the sales tax functions of a seller and that is certified jointly by member states to perform all of the sales tax functions of the seller;

# D.

"member state" means a state of the United States that enters into the agreement with another state and the District of Columbia if it enters into the agreement with another state;

# E.

"person" means an individual, trust, estate, fiduciary, partnership, limited liability company, limited liability partnership, corporation and any other legal entity;

# F.

"sales tax" means the gross receipts tax levied pursuant to the Gross Receipts and Compensating Tax Act [Chapter 7, Article 9 NMSA 1978] or a tax imposed by a state on the sale of goods or services;

# G.

"seller" means a person making sales, leases and rentals of personal property and services; and

# H.

"use tax" means the compensating tax levied pursuant to the Gross Receipts and Compensating Tax Act.

Amendment history

Laws 2005, ch. 225, § 3.

Source: official source (NMSA chapter on nmonesource.com)

In this article (9 sections)

Full table of contents →