N.M. Admin. Code § 3.2.113.8

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

Section 3.2.113.8 - STOCKBROKER'S COMMISSIONS

Commissions received by stockbrokers, located in New Mexico, are not receipts from the sale of stocks, bonds or securities. The commissions are receipts from the performance of a service in New Mexico and are subject to the gross receipts tax.

N.M. Admin. Code § 3.2.113.8

12/5/69, 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; 3.2.113.8 NMAC - Rn, 3 NMAC 2.25.8, 5/15/01