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·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax

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.

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