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ACD-31052 Rev. 02/2005 SERIES 1992 - NONTAXABLE TRANSACTION CERTIFICATE - SERIES 1992 SELLER'S/LESSOR'S COPY New Mexico Taxation and Revenue Departm ent PO Box 5557, Santa Fe, New Mexico 87502-5557.

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New Mexico imposes a tax on the net income of every resident and on the net income of every nonresident employed or engaged in business in, into or from this state or deriving any income from any property or employment within this state. The personal income tax is filed using Form PIT-1.

Traditional Goods or Services Prescription medicine, groceries, and gasoline are all tax-exempt. New Mexico is unique in the fact that the state requires gross receipts tax to be paid on all services.

North Carolina does not require registration with the state for a resale certificate. How can you get a resale certificate in North Carolina? To get a resale certificate in North Carolina, you may fill out the Streamlined Sales and Use Tax Agreement Certificate of Exemption Form (Form E-595E).

Paper NTTCs You can also deliver NTTCs in paper form to your vendors. Because the New Mexico Legislature removed the expiration date for paper NTTCs in the 1992 Series, all executed Series 1992 NTTCs remain valid.

The State of New Mexico does not directly impose State sales tax on consumers, instead it assesses a gross receipts tax on vendors. Vendors have the ability to pass the cost of the gross receipts tax to card holders. This is allowable, even on CBA transactions.

New Mexico considers you a tax-exempt organization if the federal government has first granted the status to you under Section 501(c) of the Internal Revenue Code with a classification as an educational or social entity. Your gross receipts may be exempt from gross receipts tax under Section 7-9-29 NMSA 1978.

Reduced from two types to one Type 9 NTTC continues unchanged for sales of tangible personal property to government entities, 501(c)(3) nonprofit organizations, and certain sales to Indian tribes. Type 9 excludes intangibles, services, leases and construction materials.

To apply for an initial or renewal tax exemption card, eligible missions and their members should submit an application on the Department's E-Government (E-Gov) system. Applications are generally processed within five business days.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232