us-nm/stat
NMSA 1978, § 7-9-8 — Presumption of taxability and value
A.
To prevent evasion of the compensating tax and the duty to collect it, it is
presumed that property bought or sold by any person for delivery into this state is
bought or sold for a taxable use in this state.
B.
In determining the amount of compensating tax due on the use of property, it is
presumed, in the absence of preponderant evidence of another value, that the value
means the total amount of money or the reasonable value of other consideration paid
for property exclusive of any type of time-price differential. However, in an exchange in
which the amount of money paid does not represent the value of the property or
property and service purchased, the compensating tax shall be imposed on the
reasonable value of the property or property and service purchased.
C.
In determining the amount of compensating tax due on the use of a service, it is
presumed, in the absence of preponderant evidence of another value, that the value
means the total amount of money or the reasonable value of other consideration paid
for the service exclusive of any type of time-price differential. However, in an exchange
in which the amount paid does not represent the value of the service purchased, the
compensating tax shall be imposed on the reasonable value of the service purchased.
Source: official text