NMSA 1978, § 7-9-3.3 — Definition; engaging in business

As used in the Gross Receipts and Compensating Tax Act, "engaging in business"
means carrying on or causing to be carried on any activity with the purpose of direct or
indirect benefit. For a person who lacks physical presence in this state, including a
marketplace provider, "engaging in business" means having, in the previous calendar
year, total taxable gross receipts from sales, leases and licenses of tangible personal
property, sales of licenses and sales of services and licenses for use of real property
sourced to this state pursuant to Section 7-1-14 NMSA 1978, of at least one hundred
thousand dollars ($100,000).