NEW MEXICO’S BUSINESS LAWYERS ®

Hearing Scheduled on Draft Regulations for Gross Receipts Tax on Services

July 23, 2021

The New Mexico Taxation and Revenue Department will hold a hearing Tuesday, August 10, 2021 at 10:00 a.m. on additional proposed changes to the rules governing Gross Receipts Tax on services. The proposed changes are intended to provide additional guidance and examples on the treatment of services under the changes in state law to the sourcing of gross receipts that were effective July 1, 2021.

Copies of the proposed rule changes can be found at www.tax.newmexico.gov/proposed-regulations-hearing-notices.aspx or are available upon request by contacting the Tax Policy Office at policy.office@state.nm.us. The final rules, if filed, will be filed as required by law on or about August 26, 2021.

Comments may be submitted to the Taxation and Revenue Department either during the hearing which is taking place through the Webex virtual meeting platform or by submitting written comments no later than August 10, 2021. Additional information regarding attending the hearing and submitting written comments is available here.

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