N.M. Admin. Code § 3.2.209.15
Current through Register Vol. 35, No. 23, December 10, 2024
Receipts from selling pipes, joints, nozzles and similar items of tangible personal property which become ingredient or component parts of a sprinkler system to a person engaged in the business of selling and installing sprinkler systems may be deducted from gross receipts if the buyer delivers a nontaxable transaction certificate or alternative evidence.
N.M. Admin. Code § 3.2.209.15