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Are there any additional deductions an NTTC can be used for?

Statutes allow, but do not require, an NTTC to be executed for these transactions:

  • Sales of tangible personal property other than construction materials to agencies of the United States and New Mexico governments (Section 7-9-54), Type 9 NTTC;
  • Sales of tangible personal property to Indian tribes, nations or pueblos for use on Indian reservations or pueblo grants (Section 7-9-54), Type 9 NTTC;
  • Sales of tangible personal property to federal or state-chartered credit unions (Sections 7-9-54 and 7-9-61.2) Type 9 NTTC;
  • Sales of services to an out-of-state buyer when the delivery and initial use of the product of the service occur outside New Mexico (Section 7-9-57), Type 5 NTTC;
  • Sales of engineering and architectural services used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-99), Type 5 NTTC;
  • Sales of construction services used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-99), Type 6 NTTC;
  • Sales of construction equipment used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-100), Type 2 NTTC; and
  • Sales of construction material used in the new facility construction of a sole community provider hospital located in a federally designated health professional shortage are by a foundation or a nonprofit organization that has entered into a written agreement with a county to pay at least 95% of the costs of the new facility construction of that sole community provider hospital (Section 7-9-100), Type 6 NTTC.

To review the cited statutes, please see NMSA 1978

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