N.M. Stat. § 7-9-9

Liability of user for payment of compensating tax.

Last amended: 2025Year: 2026Length: 58 wordsOfficial source
Any person in New Mexico initially using property in New Mexico on the value of which compensating tax is payable but has not been paid is liable to the state for payment of the compensating tax, but this liability is discharged if the buyer has paid the compensating tax to the seller for payment over to the department.
N.M. Stat. § 7-9-9: Liability of user for payment of compensating tax. | Justis AI