Types of Resale Certificates
In New Mexico, you must have a resale certificate to not pay gross receipts taxes on products bought to resell. New Mexico offers two resale certificates: the Non-Taxable Transaction Certificate (NTTC) for in-state businesses and the Multistate Tax Commission’s Uniform Sales and Use Tax Certificate for out-of-state businesses purchasing from New Mexico suppliers.
Application Process without Sales Tax Permit
You do not need a sales tax permit to use a resale certificate in New Mexico. For that reason, there are two forms: one for registered New Mexico businesses that need to apply for a NTTC with their valid CRS ID number and one for unregistered businesses that can fill out the Uniform Sales and Use Tax Certificate or the Border States Uniform Sale for Resale Certificate (Form 60-0081).
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.
- Next, print and present the New Mexico Certificate of Resale to suppliers when purchasing items for resale.
Suppliers do not have to accept resale certificates, but refusing an invalid certificate makes the supplier responsible for sales tax. To obtain a resale certificate, visit the Department of Taxation and Revenue website, download form ACD-31050, mail the application, and receive the certificate within seven days. Present this to vendors and keep a copy for records.
Obtaining a Resale Certificate for Unregistered Businesses
If you are not required to register in New Mexico, fill out either the Multistate Tax Commission’s Uniform Sales and Use Tax Certificate or the Border States Uniform Sale for Resale Certificate.
Suppliers can refuse resale certificates. However, refusing an invalid certificate makes the supplier responsible for sales tax. To get a resale certificate, visit the Department of Taxation and Revenue website. Download the form, mail it, and receive the certificate within seven days. Present this to vendors and keep a copy for records.