Does New Mexico Have a Resale Certificate? Resale Certificates in New Mexico

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Overview

In New Mexico, you must have a resale certificate to not pay gross receipts taxes on products bought to resell. The state offers two resale certificates:

  1. The Non-Taxable Transaction Certificate (NTTC) for businesses operating in the state.
  2. A certificate for out-of-state businesses purchasing products from New Mexico suppliers.

Obtaining a Resale Certificate

To obtain a NTTC, first, acquire a New Mexico Sales Tax Permit (CRS Number). This Tax ID Number qualifies you for a resale certificate. Next, print out and present the New Mexico Certificate of Resale to suppliers when purchasing items for resale.

Suppliers are not obligated to accept resale certificates. However, if they refuse an invalid certificate, they become responsible for the sales tax.

To apply for a resale certificate, businesses should visit the Department of Taxation and Revenue website and:

  • Download form ACD-31050
  • Mail the completed application
  • Upon approval, the certificate will be received within seven days.

You should then present this certificate to vendors and keep a copy for your records.

Forms for Resale Certificate

New Mexico does not require a sales tax permit to use a resale certificate. There are two forms available:

  • One for businesses registered in New Mexico that need to apply for a NTTC with their valid CRS ID number.
  • The other for unregistered businesses that can fill out either the Multistate Tax Commission’s Uniform Sales and Use Tax Certificate or the Border States Uniform Sale for Resale Certificate (Form 60-0081).

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