N.M. Stat. » Chapter 7 — Taxation
New Mexico Statutes

N.M. Stat. § 7-9-48 (2026)

Deduction; gross receipts tax; governmental gross receipts;

✓ current as of May 2026
Find cases: SyfertCases citing this section NM-LEGnmonesource.com JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

sale of a service for resale. Receipts from selling a service for resale may be deducted from gross receipts or from governmental gross receipts if the sale is made to a person who delivers a nontaxable transaction certificate to the seller or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978. The buyer must resell the service in the ordinary course of business and the resale must be subject to the gross receipts tax or governmental gross receipts tax.

History: 1953 Comp., § 72-16A-14.3, enacted by Laws 1969, ch. 144, § 38; 1992, ch. 100, § 6; 2000, ch. 84, § 2; 2021, ch. 65, § 15.

ANNOTATIONS

The 2021 amendment, effective July 1, 2021, provided that a taxpayer may provide the taxation and revenue department alternative evidence to claim a gross receipts tax deduction in lieu of providing a non-taxable transaction certificate; and after "certificate to the seller", added "or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978", and after "buyer", deleted "delivering the nontaxable transaction certificate".

The 2000 amendment, effective July 1, 2000, in the second sentence, substituted "resell the service" for "separately state the value of the service purchased in his charge for the service on its subsequent sale, and the subsequent sale must be" and inserted "the resale must be" preceding "subject to the gross receipts tax".

The 1992 amendment, effective July 1, 1992, inserted "governmental gross receipts" in the section catchline; inserted "or from governmental gross receipts" in the first sentence, while adding "to the seller" at the end of that sentence; and added "or governmental gross receipts tax" at the end of the second sentence.

Notes of Decisions
Cited in 3 cases (2 in the last 5 years), 2015–2024 · leading case: CCA of Tennessee v. N.M. Tax'n & Revenue Dep't (N.M. 2024).
Sort: Relevance Newest Treatment
CCA of Tennessee v. N.M. Tax'n & Revenue Dep't (N.M. 2024). · cites it 6× “NMSA 1978, § 7-9-43(A) (2011, amended 2018); NMSA 1978, § 7-9-47 (1994, amended 2021); NMSA 1978, § 7-9-48 (2000, amended 2021).”
In re Protest of Case Manager (N.M. Ct. App. 2015). · cites it 10× “1 {1} Teresa Maestas (Taxpayer), claiming a gross receipts tax deduction pursuant 2 to NMSA 1978, Section 7-9-48 (2000), submitted the wrong form to support her 3 claimed deduction.”
CCA of Tennessee v. N.M. Tax'n & Revenue Dep't (N.M. 2024). · cites it 5× “NMSA 1978, § 7-9-43(A) 9 (2011, amended 2018); NMSA 1978, § 7-9-47 (1994, amended 2021); NMSA 1978, 10 § 7-9-48 (2000, amended 2021). 1 The issuance of an NTTC for such sales is 11 predicated on the buyer reselling the license or services it purchased from the 12 taxpayer.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.