NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9-9
Liability of user for payment of compensating tax
Official textnmonesource.comlast amended
Any person in New Mexico initially using property in New Mexico on the value of which compensating tax is payable but has not been paid is liable to the state for payment of the compensating tax, but this liability is discharged if the buyer has paid the compensating tax to the seller for payment over to the department.
Amendment history
1953 Comp., § 72-16A-9, enacted by Laws 1966, ch. 47, § 9; 1983, ch. 220, § 2; 1990, ch. 41, § 1; 2025, ch. 130, § 66.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 7-9-1 · Short title
- 7-9-2 · Purpose
- 7-9-3 · Definitions
- 7-9-3.1 · Repealed
- 7-9-3.2 · Additional definition
- 7-9-3.3 · Definition; engaging in business
- 7-9-3.4 · 7-9-3.4
- 7-9-3.5 · Definition; gross receipts
- 7-9-4 · 7-9-4
- 7-9-4.1 · Repealed
- 7-9-4.2 · Repealed
- 7-9-4.3 · 7-9-4.3
- 7-9-5 · Presumption of taxability
- 7-9-6 · Separately stating the gross receipts tax
- 7-9-7 · 7-9-7
- 7-9-7.1 · 7-9-7.1
- 7-9-7.2 · 7-9-7.2
- 7-9-8 · Presumption of taxability and value
- 7-9-9 · Liability of user for payment of compensating tax
- 7-9-10 · Repealed
- 7-9-11 · Date payment due
- 7-9-12 · Exemptions
- 7-9-12.1 · Repealed
- 7-9-13 · Exemption; gross receipts tax; governmental agencies
- 7-9-13.1 · Exemption; gross receipts tax; certain services
- 7-9-13.2 · 7-9-13.2
- 7-9-13.3 · 7-9-13.3
- 7-9-13.4 · 7-9-13.4
- 7-9-13.5 · 7-9-13.5
- 7-9-14 · 7-9-14
- 7-9-15 · Exemption; compensating tax; certain organizations
- 7-9-16 · Repealed
- 7-9-17 · Exemption; gross receipts tax; wages
- 7-9-18 · 7-9-18
- 7-9-18.1 · 7-9-18.1
- 7-9-19 · Exemption; gross receipts tax; livestock feeding
- 7-9-20 · 7-9-20
- 7-9-21 · Repealed
- 7-9-22 · Exemption; gross receipts tax; vehicles
- 7-9-22.1 · Exemption; gross receipts tax; boats