Show Subnavigation

All Posts > Compensating Tax

Compensating tax helps to eliminate unfair competition from out-of-state businesses. It levels the playing fie... Read More


No, New Mexico’s compensating tax is our form of “use tax,” a term used in most other states... Read More


Under certain circumstances, persons selling property or a combination of property and service to someone enga... Read More


Report compensating tax on Line 2 of the CRS-1 Form. Multiply the value of the taxable property or service by ... Read More


Amend the CRS-1 Form for that period. Send the amended CRS-1 Form to the Department with the additional tax du... Read More


The use of property by a government agency is exempt from compensating tax (Section 7-9-14(A) NMSA 1978) with ... Read More


View Our Most Popular Pages & Services
Latest News:
Governor Susana Martinez

Governor Susana Martinez

Learn more about governor Martinez
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us