N.M. Admin. Code § 3.2.112.10
Current through Register Vol. 35, No. 23, December 10, 2024
Section 3.2.112.10 - UNRELATED BUSINESSESA. The receipts of an insurance company or any agent thereof from the operation of a business or trade other than the insurance business in New Mexico are subject to the gross receipts tax.B. Such receipts are not exempted from the gross receipts tax pursuant to Section 7-9-24 NMSA 1978 because they are not receipts derived from premiums.N.M. Admin. Code § 3.2.112.10
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, 11/15/96; 3.2.112.10 NMAC - Rn, 3 NMAC 2.24.10 & A, 5/15/01