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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-6

Separately stating the gross receipts tax

Official textnmonesource.comlast amended

# A.

Taxpayers subject to the Gross Receipts and Compensating Tax Act, when billing a customer, shall separately state the amount of tax associated with the transaction or provide a statement affirmatively indicating that the gross receipts tax is included in the amount billed.

# B.

When the gross receipts tax is stated separately on the books of the seller or lessor, and if the total amount of tax that is stated separately on transactions reportable within one reporting period is in excess of the amount of gross receipts tax otherwise payable on the transactions on which the tax was stated separately, the excess amount of tax stated on the transactions within that reporting period shall be included in gross receipts.

Amendment history

1953 Comp., § 72-16A-6, enacted by Laws 1966, ch. 47, § 6; 1970, ch. 28, § 1; 2019, ch. 270, § 29.

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

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In this article (40 sections)
  1. 7-9-1 · Short title
  2. 7-9-2 · Purpose
  3. 7-9-3 · Definitions
  4. 7-9-3.1 · Repealed
  5. 7-9-3.2 · Additional definition
  6. 7-9-3.3 · Definition; engaging in business
  7. 7-9-3.4 · 7-9-3.4
  8. 7-9-3.5 · Definition; gross receipts
  9. 7-9-4 · 7-9-4
  10. 7-9-4.1 · Repealed
  11. 7-9-4.2 · Repealed
  12. 7-9-4.3 · 7-9-4.3
  13. 7-9-5 · Presumption of taxability
  14. 7-9-6 · Separately stating the gross receipts tax
  15. 7-9-7 · 7-9-7
  16. 7-9-7.1 · 7-9-7.1
  17. 7-9-7.2 · 7-9-7.2
  18. 7-9-8 · Presumption of taxability and value
  19. 7-9-9 · Liability of user for payment of compensating tax
  20. 7-9-10 · Repealed
  21. 7-9-11 · Date payment due
  22. 7-9-12 · Exemptions
  23. 7-9-12.1 · Repealed
  24. 7-9-13 · Exemption; gross receipts tax; governmental agencies
  25. 7-9-13.1 · Exemption; gross receipts tax; certain services
  26. 7-9-13.2 · 7-9-13.2
  27. 7-9-13.3 · 7-9-13.3
  28. 7-9-13.4 · 7-9-13.4
  29. 7-9-13.5 · 7-9-13.5
  30. 7-9-14 · 7-9-14
  31. 7-9-15 · Exemption; compensating tax; certain organizations
  32. 7-9-16 · Repealed
  33. 7-9-17 · Exemption; gross receipts tax; wages
  34. 7-9-18 · 7-9-18
  35. 7-9-18.1 · 7-9-18.1
  36. 7-9-19 · Exemption; gross receipts tax; livestock feeding
  37. 7-9-20 · 7-9-20
  38. 7-9-21 · Repealed
  39. 7-9-22 · Exemption; gross receipts tax; vehicles
  40. 7-9-22.1 · Exemption; gross receipts tax; boats
Full table of contents →