Form Fyi-210 - Information For The Printing Industry (Page 2 of 5) in pdf

Type 2 - May be issued for the purchase of tangible personal property FOR RESALE either by itself or in

combination with other tangible personal property in the ordinary course of business (see example 3).

Type 5 - May be issued for the purchase of a SERVICE FOR RESALE if (1) the value of the service purchased

is stated separately in the charge upon subsequent sale of the service, (2) the subsequent sale by the buyer is in

the ordinary course of business; and (3) the subsequent sale of the service is taxable under the Gross Receipts and

Compensating Tax Act (see example 2).

Type 13 - May be issued for the purchase of SERVICES performed directly upon tangible personal property

they are in the business of manufacturing or upon ingredient or component parts thereof (see example 7).

The following NTTCs may be accepted by a printer:

Type 2 - When the tangible personal property is to be RESOLD by the purchaser (see example 3).

Type 5 - When the service is being RESOLD in the ordinary course of business. The three criteria mentioned

above must be met.

Type 9 - When a GOVERNMENT AGENCY OR 501(C)(3) ORGANIZATION is purchasing personal tangible

property (see example 4). This certificate may not be accepted for the purchase of services.

The following transaction is nontaxable; however, no NTTC is required:

When a printer manufactures a newspaper for the publisher, the printer is selling the final product (the

newspaper) to the publisher. A deduction is available under section 7-9-64 (see example 6).

SEE THE CHART ON PAGE 5 OF THIS PUBLICATION FOR A DESCRIPTION OF THE

NTTC's AVAILABLE TO PERSONS IN THE PRINTING INDUSTRY, TO WHOM THEY MAY

BE ISSUED AND BY WHOM THEY MAY BE ACCEPTED.

DEPARTMENT REQUIREMENTS

REGISTRATION

Anyone who is engaging in business in New Mexico is required to be registered with the New Mexico Taxation

and Revenue Department and obtain an identification number (CRS ID#). The CRS ID# is used to report various

tax programs (gross receipts tax, compensating tax, withholding tax, corporate income tax, etc.). The necessary

paperwork for registration can be obtained through any of the local tax offices (see

FOR FURTHER

ASSISTANCE

NTTCs

To avoid paying passed-on gross receipts tax on a transaction which is nontaxable, the purchaser may apply for

the NTTCs from the department. One certificate of the appropriate type should be issued to the seller at the time

of the transaction, in order for the seller to take a deduction and pass the tax savings on to the purchaser. That

certificate will cover all similar transactions in the future or until the certificate expires (the 1992 Series expires

in the year 2002). The seller must maintain an appropriate certificate or other evidence approved by the

department in their files as documentation supporting the deduction.

FILING REQUIREMENTS

A business who is liable for the gross receipts tax or any other tax program reported on the CRS-1 Form must

Form Fyi-210 - Information For The Printing Industry Page 2