N.M. Admin. Code § 3.2.237.9
Current through Register Vol. 35, No. 23, December 10, 2024
As transportation costs paid by the seller to the carrier are an element of the sales price of the property, when equipment not required to be registered under the Motor Vehicle Code is purchased outside New Mexico and is brought into New Mexico for use, the value of the equipment as well as the freight costs are subject to the 50% deduction in computing the compensating tax due.
N.M. Admin. Code § 3.2.237.9