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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-117

7-9-117

Official textnmonesource.comlast amended

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.

Amendment history

Laws 2019, ch.270, § 36; 2020, ch. 80, § 6.

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

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In this article (40 sections)
  1. 7-9-91 · 7-9-91
  2. 7-9-92 · Deduction; gross receipts; sale of food at retail food store
  3. 7-9-93 · 7-9-93
  4. 7-9-94 · 7-9-94
  5. 7-9-95 · 7-9-95
  6. 7-9-96 · Repealed
  7. 7-9-96.1 · Repealed
  8. 7-9-96.2 · 7-9-96.2
  9. 7-9-96.3 · Technology readiness gross receipts tax credit
  10. 7-9-97 · 7-9-97
  11. 7-9-98 · 7-9-98
  12. 7-9-99 · 7-9-99
  13. 7-9-100 · 7-9-100
  14. 7-9-101 · 7-9-101
  15. 7-9-102 · 7-9-102
  16. 7-9-103 · 7-9-103
  17. 7-9-103.1 · Deduction; gross receipts tax; converting electricity
  18. 7-9-103.2 · Deduction; gross receipts; electricity exchange
  19. 7-9-104 · 7-9-104
  20. 7-9-105 · Repealed
  21. 7-9-106 · Repealed
  22. 7-9-107 · 7-9-107
  23. 7-9-108 · 7-9-108
  24. 7-9-109 · 7-9-109
  25. 7-9-110 · Deleted
  26. 7-9-110.1 · Deduction; gross receipts tax; locomotive engine fuel
  27. 7-9-110.2 · Deduction; compensating tax; locomotive engine fuel
  28. 7-9-110.3 · Purpose and requirements of locomotive fuel deduction
  29. 7-9-111 · 7-9-111
  30. 7-9-112 · Deduction; gross receipts; solar energy systems
  31. 7-9-112.1 · 7-9-112.1
  32. 7-9-113 · Repealed
  33. 7-9-114 · Repealed
  34. 7-9-115 · 7-9-115
  35. 7-9-116 · 7-9-116
  36. 7-9-117 · 7-9-117
  37. 7-9-118 · Repealed
  38. 7-9-119 · Deduction; sales made by dispenser's license holder
  39. 7-9-120 · 7-9-120
  40. 7-9-121 · 7-9-121
Full table of contents →