New Mexico Tax Department Updates GRT Codes, Rates for Sales to Tribal Entities on Pueblo Lands

The New Mexico Taxation and Revenue Department updated gross receipts tax (GRT) codes and rates for sales to tribal entities and businesses located on Pueblo lands within the state. The clarification explains various location indicators and rate change symbols used in tax documentation, including special designations for overlapping location codes and rate changes due to local option taxes. Taxpayers are directed to consult the GRT Form Instructions in the current GRT Filer’s Kit, available on the department’s website for complete information on special location codes used to report certain gross receipts tax deductions. [N.M. Tax’n & Revenue Dep’t, Gross Receipts ...