NMSA 1978, § 7-9-48 — 7-9-48

Deduction; gross receipts tax; governmental gross receipts;
sale of a service for resale.
Receipts from selling a service for resale may be deducted from gross receipts or
from governmental gross receipts if the sale is made to a person who delivers a
nontaxable transaction certificate to the seller or provides alternative evidence pursuant
to Section 7-9-43 NMSA 1978. The buyer must resell the service in the ordinary course
of business and the resale must be subject to the gross receipts tax or governmental
gross receipts tax.