N.M. Admin. Code § 3.2.201.15

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

Section 3.2.201.15 - PHOTOCOPIES OR OTHER REPRODUCTIONS OF NONTAXABLE TRANSACTION CERTIFICATES

A. Except as provided otherwise in Section 3.2.201.15 NMAC, no person may make photocopies of, or otherwise reproduce, nontaxable transaction certificates (nttcs) issued or executed by the department. Photocopies or other reproductions may be made:

(1) by the department or, upon request of the department, by the person to whom the nttcs have been issued or the seller or lessor who has accepted an nttc for audit, tax compliance or tax administration purposes;

(2) by the person to whom the nttcs have been issued by the department for internal record keeping purposes or in response to a request from a seller or lessor to whom the person has delivered an executed nttc for a duplicate of the executed nttc; and

(3) by the seller or lessor who has accepted in good faith a nttc executed by a buyer or lessee for internal record keeping purposes only.

B. In no event may any buyer, lessee, seller or lessor execute or attempt to execute a photocopy or other reproduction of a previously executed nttc. Doing so is grounds for suspension, pursuant to Section 7-9-44 NMSA 1978, of the right to use nttcs.

N.M. Admin. Code § 3.2.201.15

1/20/93, 11/15/96; 3.2.201.15 NMAC - Rn, 3 NMAC 2.43.1.15 & A, 5/31/01