us-nm/stat
NMSA 1978, § 7-9-66 — Deduction; gross receipts tax; commissions
A.
Receipts derived from commissions on sales of tangible personal property which
are not subject to the gross receipts tax may be deducted from gross receipts.
B.
Receipts of the owner of a dealer store derived from commissions received for
performing the service of selling from the owner's dealer store a principal's tangible
personal property may be deducted from gross receipts.
C.
As used in this section, "dealer store" means a merchandise facility open to the
public that is owned and operated by a person who contracts with a principal to act as
an agent for the sale from that facility of merchandise owned by the principal.
Source: official text