New Mexico ~ Sales and Use Tax: Publication for Determining Business Location, Proper Tax Rate Revised

The New Mexico Taxation and Revenue Department has revised its publication describing how to determine a business’s location for the appropriate gross receipts tax rates, noting the increased gross receipts tax rate of 5.125%. The publication clarifies that if a business arranges for the lease of property it must use the rate and location code for its business location, not the leased property’s location. In addition, if a taxpayer transacts business with a tribe, nation or pueblo that has not entered into a cooperative agreement with New Mexico, the proper rate and location code is the taxpayer’s normal business location.


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