.....Advertisement.....
.....Advertisement.....

Deduction lifts gross receipts tax burden for businesses

-A A +A

New Mexico’s gross receipts tax might make many business owners grumble, but the tax code contains provisions to help entrepreneurs compete with out-of-state rivals who aren’t subject to the tax.
Taxpayers that sell services to out-of-state buyers when the product of the service is initially used outside the state and the product is delivered to the buyer outside New Mexico may be eligible for a deduction.
For transactions to be deductible, certain guidelines must be met.
Out of state buyer: An out-of-state buyer has no offices or places of business in New Mexico. If the buyer is an individual, he is not a resident of New Mexico.
Product of the service: For an architect, the product of the service is the building plan she prepares. For a writer, it is the manuscript. The product of a service may be intangible, such as when a psychiatrist treats a patient, but it’s described as the benefit received by the buyer from the performance of the service.
Delivery outside New Mexico: An out-of-state buyer receives the product of a service where he or his agent or employee accepts the product. An investment adviser, for example, delivers the product of her service when she telephones her client outside of New Mexico or e-mails advice to her out-of-state client at an out-of-state location.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday