{"data":{"id":"us-nm/7-9-51","jurisdiction":"us-nm","citation":"7-9-51","heading":"Deduction; gross receipts tax; sale of construction material to persons engaged in the construction business.","body":"A. Receipts from selling construction material may be deducted from gross receipts if the sale is made to a person engaged in the construction business who delivers a nontaxable transaction certificate to the seller or provides alternative evidence pursuant to Section 7-9-43 NMSA 1978.\nB. The buyer must incorporate the construction material as:\n(1) an ingredient or component part of a construction project that is subject to the gross receipts tax upon its completion or upon the completion of the overall construction project of which it is a part;\n(2) an ingredient or component part of a construction project that is subject to the gross receipts tax upon the sale in the ordinary course of business of the real property upon which it was constructed; or\n(3) an ingredient or component part of a construction project that is located on the tribal territory of an Indian nation, tribe or pueblo.","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":"57bb14e54e80911dcc4c6dfb87b5f23297e422d535a5a3f57a5da87a16315772","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-50","next":"us-nm/7-9-51.1"},"notice":"GroundRules: Original legal text. Not legal advice."}