1. All NM Taxes
  2. Frequently Asked Questions
  3. Are there any additional deductions an NTTC can be used for?

Are there any additional deductions an NTTC can be used for?

Statutes allow, but do not require, an NTTC to be executed for these transactions:

Sales of tangible personal property other than construction materials to agencies of the United States and New Mexico governments (Section 7-9-54), Type 9 NTTC;
Sales of tangible personal property to Indian tribes, nations or pueblos for use on Indian reservations or pueblo grants (Section 7-9-54), Type 9 NTTC;
Sales of tangible personal property to federal or state-chartered credit unions (Sections 7-9-54 and 7-9-61.2) Type 9 NTTC;
Sales of services to an out-of-state buyer when the delivery and initial use of the product of the service occur outside New Mexico (Section 7-9-57), Type 5 NTTC;
Sales of engineering and architectural services used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-99), Type 5 NTTC;
Sales of construction services used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-99), Type 6 NTTC;
Sales of construction equipment used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-100), Type 2 NTTC; and
Sales of construction material used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-100), Type 6 NTTC.
To review the cited statutes, please see NMSA 1978