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  • 2009 Nm Nontaxable Transaction Certificate Type 5 Form

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This was the gross receipts tax rate in effect at the time FYI-202 was published. For the current rate please consult the gross receipts tax rate schedule provided on this Department s website at www. state. nm.us/tax. State of New Mexico - Taxation and Revenue Department CRS-1 - LONG FORM PAGE 1 COMBINED REPORT SYSTEM Mail To Taxation and Revenue Department P.

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Tax exemptions must be renewed every 5 years.

A seller's permit is commonly known as a sales tax permit, reseller permit, resale certificate, sales tax exemption certificate, sales tax license or sales and use tax permit. In the state of New Mexico it is formally referred to as a Combined Reporting System (CRS) Identification Number.

New Mexico – Under “Businesses,” select “Check CRS Status.” From there, enter CRS ID, zip code, and last 4 of SSN, FEIN, or ITIN.

In New Mexico, you must have a resale certificate to have gross receipts taxes waived on products and goods you intend to resell. There are two different types of resale certificates the state offers businesses.

The state imposes a governmental gross receipts tax of 5.00% on the receipts of New Mexico state and local governments. The exceptions are the gross receipts of public school districts and entities licensed by the Department of Health that are principally engaged in providing health care.

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.

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.

To execute an NTTC online, the buyer or lessee must access NTTC-NET on the home page of the Department's web site at .tax.newmexico.gov, then select “Online Services” and follow the instructions displayed on the screen. A seller or lessor should use NTTC-NET to view and confirm records of NTTCs executed online.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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