What is taxable?

Generally speaking, sales and leases of goods and other property, both tangible and intangible, are taxable. Magazines and over-the-counter drugs are taxable. Unlike many other states, sales and performances of services are taxable in New Mexico.

Not Taxable

Prescription drugs are no longer taxable.

Show All Answers

1. What is taxable?
2. What is the gross receipts tax rate and how is it determined?