N.M. Admin. Code § 3.2.101.8

Current through Register Vol. 35, No. 23, December 10, 2024

Section 3.2.101.8 - GOVERNMENTALLY-OWNED UTILITIES - INSTALLATION AND STAND-BY CHARGES - MINIMUM CHARGES

A. Receipts of a gas or electric utility owned or operated by a county, municipality or other political subdivision of the state of New Mexico from connect, disconnect, installation or stand-by charges are exempt from the gross receipts tax.

B. "Stand-by" charges are receipts other than from the sale of gas or electricity by a utility and are imposed only where gas or electricity has not been connected or is not being furnished. Minimum usage charges imposed upon persons connected to the utility are charges for the sale of gas or electricity and are not stand-by charges.

C. Section 3.2.101.8 NMAC applies to receipts from transactions occurring on or after July 1, 1991.

N.M. Admin. Code § 3.2.101.8

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 9/17/91, 11/15/96; 3.2.101.8 NMAC - Rn, 3 NMAC 2.13.8 & A, 5/15/01