Deduction; gross receipts tax; sale of construction services and construction-related services to persons engaged in the construction business
NMSA 1978, § 7-9-52
in effect7-9-52. Deduction; gross receipts tax; sale of construction services 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.
1953 Comp., § 72-16A-14.7, enacted by Laws 1969, ch. 144, § 42; 2000, ch. 84, § 4; 2000, ch. 98, § 2; 2012, ch. 5, § 5; 2020, ch. 80, § 5; 2021, ch. 65, § 19.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-52Fetched: 10/20/2026