§ 7-5A-3 — Definitions

As used in the Streamlined Sales and Use Tax Administration Act: A. "agreement" means the streamlined sales and use tax agreement; B. "certified automated system" means software certified jointly by member states to: (1) calculate the sales tax imposed by each jurisdiction on a transaction; (2) determine the amount of tax to remit to the appropriate state; and (3) maintain a record of the transaction; C. "certified service provider" means an agent that performs all of the sales tax functions of a seller and that is certified jointly by member states to perform all of the sales tax functions of the seller; D. "member state" means a state of the United States that enters into the agreement with another state and the District of Columbia if it enters into the agreement with another state; E. "person" means an individual, trust, estate, fiduciary, partnership, limited liability company, limited liability partnership, corporation and any other legal entity; F. "sales tax" means the gross receipts tax levied pursuant to the Gross Receipts and Compensating Tax Act [Chapter 7, Article 9 NMSA 1978] or a tax imposed by a state on the sale of goods or services; G. "seller" means a person making sales, leases and rentals of personal property and services; and H. "use tax" means the compensating tax levied pursuant to the Gross Receipts and Compensating Tax Act.

Legislative History

Laws 2005, ch. 225, § 3.