N.M. Code R. § 3.2.116.10
Current through Register Vol. 35, No. 16, August 27, 2024
Any person who rents or leases three or fewer rental units of real property is not regularly engaged in the business of leasing real property for the purposes of Sections 7-9-28 and 7-9-53 NMSA 1978. Such a person need not register with the taxation and revenue department for gross receipts tax purposes nor report the receipts if there are no other receipts, but the person may be required to register to report another tax.
N.M. Code R. § 3.2.116.10