{"data":{"id":"us-nm/7-9-48","jurisdiction":"us-nm","citation":"7-9-48","heading":"Deduction; gross receipts tax; governmental gross receipts; sale of a service for resale.","body":"Receipts from selling a service for resale may be deducted from gross receipts or from governmental gross receipts if the sale is made to a person who delivers a nontaxable transaction certificate to the seller or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978. The buyer must resell the service in the ordinary course of business and the resale must be subject to the gross receipts tax or governmental gross receipts tax.","path":["Chapter 7 - Taxation","ARTICLE 9 Gross Receipts and Compensating Tax"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"43e276ab2c1695a842fdb56533c4cf5fd836e4582a224649aa60b16d2e66cec5","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-47","next":"us-nm/7-9-49"},"notice":"GroundRules: Original legal text. Not legal advice."}