New Mexico
Sales Threshold $100,000
Transaction Threshold N/A
Effective Date July 1, 2019
Included Transactions Gross sales of tangible personal property, licenses, leases, and services
Excluded Transactions Sales for resale
Evaluation Period Previous calendar year
Tax Implications Must collect and remit gross receipts tax
Key Compliance Requirements Register with New Mexico Taxation and Revenue Department; file periodic returns
Exemptions Sales for resale, certain exempt organizations