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Cloak · 08-01-2003, 05:28 PM

Here in New Mexico, we have a Gross Receipts Tax, but it doesn't apply to out of state sales or internet ones either (yet).

It works similar to a Sales Tax, but sales tax is specifically levied on the customer by the gov't, the retailer is merely passing it through themselves.

Gross Receipts is levied on the retailer (who does have the right to pass it on to the consumer).

Slight difference in usage, but effectively the same in most cases.

In Albuquerque, the tax is 5.8125%, we also have a State Tax as well.

08-01-2003, 05:28 PM
Cloak Registered User Join Date: Jul 2003 Posts: 56	Here in New Mexico, we have a Gross Receipts Tax, but it doesn't apply to out of state sales or internet ones either (yet). It works similar to a Sales Tax, but sales tax is specifically levied on the customer by the gov't, the retailer is merely passing it through themselves. Gross Receipts is levied on the retailer (who does have the right to pass it on to the consumer). Slight difference in usage, but effectively the same in most cases. In Albuquerque, the tax is 5.8125%, we also have a State Tax as well.