New Mexico § 7-9-52 Deduction; gross receipts tax; sale of construction services

New Mexico Statutes

§ 7-9-52 — Deduction; gross receipts tax; sale of construction services

New Mexico § 7-9-52

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-52 (Deduction; gross receipts tax; sale of construction services) 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. § 7-9-52 (2026).

Text

and construction-related services to persons engaged in the construction business. A. Receipts from selling a construction service or a construction-related service may be deducted from gross receipts if the sale is made to a person engaged in the construction business who delivers a nontaxable transaction certificate to the person performing the construction service or a construction-related service or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978. B. The buyer shall have the construction services or construction-related services directly contracted for or billed to:

(1)a construction project that is subject to the gross receipts tax upon its completion or upon the completion of the overall construction project of which it is a part;

(2)a construction project that i

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and construction-related services to persons engaged in the construction business. A. Receipts from selling a construction service or a construction-related service may be deducted from gross receipts if the sale is made to a person engaged in the construction business who delivers a nontaxable transaction certificate to the person performing the construction service or a construction-related service or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978. B. The buyer shall have the construction services or construction-related services directly contracted for or billed to: (1) a construction project that is subject to the gross receipts tax upon its completion or upon the completion of the overall construction project of which it is a part; (2) a construction project that is subject to the gross receipts tax upon the sale in the ordinary course of business of the real property upon which it was constructed; or (3) a construction project that is located on the tribal territory of an Indian nation, tribe or pueblo.