NMSA 1978, § 7-9-117 — 7-9-117

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

# A.

A marketplace seller may deduct receipts for sales, leases and licenses of
tangible personal property, sales of licenses and sales of services or licenses for use of
real property that are facilitated by a marketplace provider from gross receipts and
governmental gross receipts; provided that the marketplace seller obtains
documentation from the marketplace provider indicating that the marketplace provider is
registered with the department and has remitted or will remit the taxes due on the gross
receipts from those transactions.

# B.

The deduction provided by this section shall not apply if the marketplace provider
is determined not to owe the tax due to the marketplace provider's reliance on
information provided by the seller as determined pursuant to Subsection C of Section 7-
9-5 NMSA 1978.