Section 1. Issuing Agency

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630. [3.2.304.1 NMAC - N, 9/24/2024] 3.2. 304.2 SCOPE: This part applies to each person engaging in business in New Mexico. [3.2.304.2 NMAC - N, 9/24/2024] 3.2. 304.3 STATUTORY AUTHORITY: Section 9-11-6.2 NMSA 1978. [3.2.304.3 NMAC - N, 9/24/2024] 3.2. 304.4 DURATION: Permanent. [3.2.304.4 NMAC - N, 9/24/2024] 3.2. 304.5 EFFECTIVE DATE: September 24, 2024, unless a later date is cited at the end of a section, in which case the later date is the effective date. [3.2.304.5 NMAC - N, 9/24/2024] 3.2. 304.6 OBJECTIVE: The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Gross Receipts and Compensating Tax Act.