N.M. Admin. Code § 3.2.126.8

Current through Register Vol. 35, No. 24, December 23, 2024

Section 3.2.126.8 - USE OF ELECTRICITY IN PRODUCTION AND TRANSMISSION OF ELECTRICITY

A. Electricity used directly in the operation of a generating plant of an electric utility in New Mexico and electricity used directly in the operation of transmission facilities of an electric utility in New Mexico is used in the production and transmission of electricity pursuant to Section 7-9-38 NMSA 1978 and is, therefore, exempted from the compensating tax.

B. Electricity used in the operation of offices, warehouses, or any facility of an electric utility in New Mexico other than directly in a generating plant or transmission facility is not used in the production or transmission of electricity within the meaning of Section 7-9-38 NMSA 1978 and the value of such electricity is, therefore, subject to the compensating tax.

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; 3.2.126.8 NMAC - Rn, 3 NMAC 2.38.8 & A, 5/15/01