Section 7-5A-3 - Definitions. - New Mexico Statutes

7-5A-3. Definitions.

As used in the Streamlined Sales and Use Tax Administration Act:

A.     "agreement" means the streamlined sales and use tax agreement;

B.     "certified automated system" means software certified jointly by member states to:

(1)     calculate the sales tax imposed by each jurisdiction on a transaction;

(2)     determine the amount of tax to remit to the appropriate state; and

(3)     maintain a record of the transaction;

C.     "certified service provider" means an agent that performs all of the sales tax functions of a seller and that is certified jointly by member states to perform all of the sales tax functions of the seller;

D.     "member state" means a state of the United States that enters into the agreement with another state and the District of Columbia if it enters into the agreement with another state;

E.     "person" means an individual, trust, estate, fiduciary, partnership, limited liability company, limited liability partnership, corporation and any other legal entity;

F.     "sales tax" means the gross receipts tax levied pursuant to the Gross Receipts and Compensating Tax Act [7-9-1 NMSA 1978] or a tax imposed by a state on the sale of goods or services;

G.     "seller" means a person making sales, leases and rentals of personal property and services; and

H.     "use tax" means the compensating tax levied pursuant to the Gross Receipts and Compensating Tax Act.