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6 Replies Last post: Apr 27, 2009 10:51 AM by Howdy1

New Mexico "Sales Tax Exemption Certificate" finding form?

May 15, 2008 10:52 PM

Click to view EL_DollarShop's profile Mogul EL_DollarShop 45 posts since
May 6, 2008
Ok I've done a lot of web searching in my off hours for the proper "Sales Tax Exemption Certificate" request form or forms I need to file with the state of New Mexico.
I've tried the web hard but still only get the facts of what the certificate is, and I know there has to be a goverment web site that I can obtain it with out paying someone to get it for me?

Anyone familar with New Mexico resale tax law or anyone have the place i can get the darn form/s?

I am opening a $1.00 retail store and will be purchasing merchandise from several different states. All inventory will be bought for resale only, and tax charged too my customers for each purchase.

Also I know in the state of Florida the tax laws on resale of Food items, American Flags, and Bibles are tax exempt at retail level. Does anyone one know if this holds true as well in the State of New Mexico?

Any help or advice, I thank you!
Tags: sales_tax, accounting, business, distribution, question, taxes Report as inappropriate
Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
1. Re: New Mexico "Sales Tax Exemption Certificate" finding form? May 16, 2008 12:32 AM

This may be why your searches aren't turning up anything: New Mexico doesn't have a Sales Tax -- well, they do, but they call it a "Gross Receipts Tax." Their Use Tax is called a "Compensating Tax." (It had me baffled the first time I booked programs there!)

Anyway, visit the State Taxation and Revenue website and see if you can find the forms and instructions you need.

http://www.tax.state.nm.us/trd_pubs.htm

Hope that helps. Let me know.
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Click to view EL_DollarShop's profile Mogul EL_DollarShop 45 posts since
May 6, 2008
2. Re: New Mexico "Sales Tax Exemption Certificate" finding form? May 16, 2008 2:36 PM
in response to: Lighthouse24
Thanks that help alot! No wonder I could not find it!

You were a great help!
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Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
3. Re: New Mexico "Sales Tax Exemption Certificate" finding form? May 16, 2008 4:36 PM
in response to: EL_DollarShop
Glad I could help. As I said, that threw me for a loop the first time, too.
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Click to view Santa Fe CPA's profile Mogul Santa Fe CPA 67 posts since
Oct 10, 2007
4. Re: New Mexico "Sales Tax Exemption Certificate" finding form? May 17, 2008 4:13 PM
You need a "Non-Taxable Transaction Certificate." This form is availavble from the NM Taxation and Revenue Department office nearest your location. There are several applications of the from and you have to obtain the correct form for your business. (Their website and interactive forms leave a lot to be desirerd.
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Click to view EL_DollarShop's profile Mogul EL_DollarShop 45 posts since
May 6, 2008
5. Re: New Mexico "Sales Tax Exemption Certificate" finding form? May 17, 2008 4:36 PM
in response to: Santa Fe CPA
Sante Fe_CPA thanx for the input, and boy did I find that out already! But Lighthouse at least got pointed in the right direction for what I was looking for. I least now know which forms I need, and an ounce of education is worth a pound in being prepared!

Thanx again for the input!
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Click to view Howdy1's profile Start-up Howdy1 1 posts since
Apr 27, 2009
6. Re: New Mexico "Sales Tax Exemption Certificate" finding form? Apr 27, 2009 10:51 AM
in response to: EL_DollarShop

I work for a small county government here in New Mexico.

I was given the task to purchase items over the internet. We are not suppose to be taxed. I thought this to be a simple task.

The company, "Staples", wants me to fax them a no tax
certificate. So, I tell the administration people. They tell me that Staples has to register or something with the state. I call Staples back and try to explain to them something that I barely understand myself. Staples does not understand what I am talking about. I don't understand what I am talking about.

A few years ago I was able to purchase items with no sales tax. All I did was fax them a nontaxable transaction certificate.

I'm confused.

I googled and this thread came up.

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