New Mexico Allows for Evidence of Exemption Entitlement Other than a Nontaxable Transaction Certificate

March 6, 2018 Erik Wallin

On March 2, 2018, New Mexico Governor, Susana Martinez, signed House Bill 194 into law thereby allowing purchasers to provide evidence other than a nontaxable transaction certificate to prove eligibility for a gross receipts deduction. Permitted alternative evidence includes: invoices or contracts identifying the nature of the transaction, documentation of the purchaser's use or disposition of the property, a statement from the purchaser indicating an intent to resell the purchased goods in the ordinary course of business or any other evidence demonstrating eligibility.

About the Author

Erik Wallin

Erik Wallin is a Senior Tax Counsel on the Tax Research Team at Sovos Compliance. Erik has been with Sovos Compliance since 2011, and his main areas of focus are on U.S. Transaction Tax Law which includes special expertise in the taxation of technology and the taxation mechanisms that apply throughout the Colorado home rule jurisdictions. Erik is a member of the Massachusetts Bar, has a B.A. from York College of Pennsylvania, a J.D. from New England School of Law, and an LL.M. in Taxation from Boston University.

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