In New Mexico, you must have a resale certificate to have gross receipts taxes waived on products and goods you intend to resell. There are two different types of resale certificates the state offers businesses. The first one is the Non-Taxable Transaction Certificate (NTTC) and is for any business that operates within the state, such as clothing stores, toy stores, and auto parts stores. However, before submitting an application for your NTTC, you must first obtain your Gross Sales Tax permit. The second type of resale certificate is for businesses that purchase products and goods from suppliers and vendors in New Mexico, but their business is operated in a different state. In this case, your business will need one of the following: the Multistate Tax Commission’s Uniform Sales and Use Tax Certificate or the Border States Uniform Sale for Resale Certificate (Form 60-0081).
Suppliers and their Obligations
New Mexico suppliers do not have to accept resale certificates. However, refusing an invalid certificate makes the supplier responsible for sales tax.
New Mexico does not require a sales tax permit to use a resale certificate. For that reason, there are two forms:
- One for businesses registered in New Mexico that need to apply for a NTTC with their valid CRS ID number.
- The other is for unregistered businesses that can fill out the Multistate Tax Commission’s Uniform Sales and Use Tax Certificate or the Border States Uniform Sale for Resale Certificate (Form 60-0081).
Do New Mexico sales tax exemption certificates expire?
To get a NTTC, first get a New Mexico Sales Tax Permit (CRS Number). This Tax ID Number makes you eligible for a resale certificate.