Form Crs-1 - Reporting Gross Receipts, Withholding And Compensating Taxes - 2013
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30NEW MEXICO
Taxation and Revenue Department
P.O. Box 25128
Santa Fe, New Mexico 87504-5128
505-827-0700
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TRD web site
CRS-1 FILER'S KIT
For Reporting Gross Receipts, Withholding and Compensating Taxes
January through June 2013
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GROSS RECEIPTS TAX RATE CHANGES EFFECTIVE JANUARY 1, 2013
Contents
The gross receipts tax rates will increase in the following locations: El Prado Water and Sani-
tation Districts (Taos County), El Valle de Los Ranchos Water & Sanitation Districts (Taos
County), Fort Sumner (DeBaca County), Gallup (McKinley County), Magdalena (Socorro
County), Picuris Pueblo (Taos County), Questa (Taos County), Questa Airport (Taos County),
Red River (Taos County), Socorro (Socorro County), Socorro Industrial Park (Socorro County),
In This Kit:
Taos (Taos County), Taos Airport (Taos County), Taos Pueblo (Taos County) and Taos Ski Valley
in order of appearance
(Taos County). The gross receipts tax rates in all unincorporated areas of Socorro and Taos Coun-
ties will also increase.
—
Announcements
TAX INCREMENT DEVELOPMENT DISTRICT (TIDD) UPDATE
—
Due Dates
The Quorum at ABQ Uptown TIDD, in Bernalillo County has dissolved. Any businesses in this
— Department Office Locations
area should report their gross receipts to the City of Albuquerque using the business location code
—
Gross Receipts Tax Rate Schedule
02-100.
—
CRS-1 Form Instructions
The name of the City of Las Cruces TID District located in Las Cruces (Dona Ana County) has
—
CRS-1 Report Forms
changed. The new name “Downtown TIDD – Las Cruces” will appear on the Gross Receipts Tax
— CRS-1 Long Form
Rate Schedule as the second listing under Dona Ana County and taxpayers within this TIDD will
—
Other Forms & Information
continue to report using the same business location code 07-132.
Taxpayer Bill of Rights
Business Tax Registration Update
CHANGES FOR MANUFACTURING AND CONSTRUCTION BUSINESSES
As of January 1, 2013, the new laws enacted by the 2012 Legislature and signed by the Governor,
Application for Tax Refund
affecting the manufacturing and construction industries, are in effect.
Application for Nontaxable
Transaction Certificates
The gross receipts deduction for sales of tangible property to manufacturers has been expanded
to include property consumed in the process of manufacturing, excluding tools and equipment.
The amount of receipts of this type that are deductible begin at twenty percent and will increase
in twenty percent increments over a five-year period until fully deductible. Special reporting and
All of the above forms and information
NTTC requirements must be fulfilled in order to benefit from this deduction. Please visit our web
are available on our website at
site at or contact your local district office for further information.
.
The deduction under Section 7-9-52 NMSA 1978 is expanded to include receipts from the sale of
“construction-related service.” The law also added a new deduction under Section 7-9-52.1 NMSA
1978 to provide a deduction from gross receipts for the lease of construction equipment to persons
engaged in the construction business for use in a taxable construction project. This new section
of law defines “construction equipment” to mean “equipment used on a construction project, and
including trash containers, portable toilets, scaffolding and temporary fencing."
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