New Mexico § 7-5A-3 Definitions

New Mexico Statutes

§ 7-5A-3 — Definitions

New Mexico § 7-5A-3

Ch. 7Taxation

Art. 5AStreamlined Sales and Use Tax Administration

This text of New Mexico § 7-5A-3 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-5A-3 (2026).

Text

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.

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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.