Exemption Certificates Must Be Timely Submitted in New Mexico

Tuesday, January 16th, 2018

 
 
New Mexico State Capitol
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New Mexico
Construction

The New Mexico Administrative Hearings Office recently denied a gross receipts tax deduction for construction services because the taxpayer did not submit nontaxable transaction certificates (NTTCs) within 60 days.

The taxpayer operated a plumbing business that received a gross receipts tax assessment. The taxpayer performed subcontracting services for large construction companies, but did not obtain NTTCs for its services. The assessment included notice that the taxpayer had 60 days to obtain any applicable NTTCs.

New Mexico provides a deduction for the sale of construction services to a person engaged in construction. The service provider should obtain an NTTC at the time of the sale, but may also obtain one within 60 days of notification that the NTTC is required. The taxpayer did not receive NTTCs at the time of sale or within 60 days of being notified that NTTCs were required. As a result, the deduction was not allowed.

https://www.ttrus.com/Exemption Certificates Must Be Timely Submitted in New Mexico


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TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

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