Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-48

7-9-48

Official textnmonesource.comlast amended

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.

Amendment history

1953 Comp., § 72-16A-14.3, enacted by Laws 1969, ch. 144, § 38; 1992, ch. 100, § 6; 2000, ch. 84, § 2; 2021, ch. 65, § 15.

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. 7-9-38 · 7-9-38
  2. 7-9-38.1 · 7-9-38.1
  3. 7-9-38.2 · 7-9-38.2
  4. 7-9-39 · 7-9-39
  5. 7-9-40 · 7-9-40
  6. 7-9-41 · Exemption; gross receipts tax; religious activities
  7. 7-9-41.1 · 7-9-41.1
  8. 7-9-41.2 · Deleted
  9. 7-9-41.3 · 7-9-41.3
  10. 7-9-41.4 · 7-9-41.4
  11. 7-9-41.5 · 7-9-41.5
  12. 7-9-41.6 · 7-9-41.6
  13. 7-9-42 · Repealed
  14. 7-9-43 · 7-9-43
  15. 7-9-43.1 · 7-9-43.1
  16. 7-9-44 · Repealed
  17. 7-9-45 · Deductions
  18. 7-9-46 · 7-9-46
  19. 7-9-46.1 · 7-9-46.1
  20. 7-9-47 · 7-9-47
  21. 7-9-48 · 7-9-48
  22. 7-9-49 · 7-9-49
  23. 7-9-50 · Deduction; gross receipts tax; lease for subsequent lease
  24. 7-9-51 · 7-9-51
  25. 7-9-51.1 · Repealed
  26. 7-9-51.2 · 7-9-51.2
  27. 7-9-52 · 7-9-52
  28. 7-9-52.1 · 7-9-52.1
  29. 7-9-53 · 7-9-53
  30. 7-9-54 · 7-9-54
  31. 7-9-54.1 · 7-9-54.1
  32. 7-9-54.2 · 7-9-54.2
  33. 7-9-54.3 · 7-9-54.3
  34. 7-9-54.4 · Deduction; compensating tax; space-related test articles
  35. 7-9-54.5 · Deduction; compensating tax; test articles
  36. 7-9-55 · 7-9-55
  37. 7-9-56 · 7-9-56
  38. 7-9-56.1 · Deduction; gross receipts tax; internet services
  39. 7-9-56.2 · 7-9-56.2
  40. 7-9-56.3 · 7-9-56.3
Full table of contents →