New Mexico Enacts Legislation Relating to Economic Nexus and Marketplace Facilitators

New Mexico House Bill 6 has been signed into law as Act 270, which changes the definition of “engaging in business” to include persons lacking physical presence in the state (including marketplace providers) who had at least $100,000 of taxable gross receipts in the previous calendar year. Further, where marketplace providers collect tax on behalf of marketplace sellers, the market place sellers may deduct such sales if they obtain documentation from the marketplace provider indicating that the provider has or will remit taxes due. These provisions take effect on July 1, 2019.

Author

Katherine Mullen

Katherine Mullen is a Tax Law Research Associate in the Regulatory Analysis department at Sovos. Her research focuses on US transaction tax and VAT law in several African, Asian and Middle Eastern countries. Katherine is a lawyer and a member of the Massachusetts Bar. Prior to joining Sovos, she was a paralegal for O’Neill & Neylon, an estate planning law firm. She holds a B.A. in English Literature from McGill University, an M.S. in Library Science from Simmons College and a J.D. from Suffolk University School of Law.
Share This Post