You may contact Commercial Vehicles @ (505) 827-0392 option # 2 for WDT/IFTA.
Whom can I contact for questions about the weight distance tax return?
read more
admin@sks.com
What is the purpose of compensating tax?
Compensating tax helps to eliminate unfair competition from out-of-state businesses. It levels the playing field when New Mexico buyers buy property, services, or some combination of property and services from out-of-state sellers who otherwise have no gross receipts...
Does New Mexico have a use tax in addition to compensating tax?
No, New Mexico’s compensating tax is our form of “use tax,” a term used in most other states.
What is an agent for the collection of compensating tax?
Under certain circumstances, persons selling property or a combination of property and service to someone engaged in business in New Mexico may be required to collect compensating tax. The seller must not owe gross receipts tax on the sales, and the buyer must use the...
How is the compensating tax reported?
Report compensating tax on Line 2 of the CRS-1 Form. Multiply the value of the taxable property or service by the appropriate compensating tax rate.
What must I do if I owe compensating tax for a transaction which occurred during a prior reporting period?
Amend the CRS-1 Form for that period. Send the amended CRS-1 Form to the Department with the additional tax due. Amended CRS-1 Forms should be sent to the same address as monthly CRS-1 Forms.
Is a government agency subject to compensating tax?
The use of property by a government agency is exempt from compensating tax (Section 7-9-14(A) NMSA 1978) with two exceptions: The use of property by a New Mexico political subdivision that is or will be incorporated into a project created under the Metropolitan...
How are cigarette stamps delivered?
You can pick up cigarette stamps or they may be shipped using UPS, Fed-Ex or the United States Postal Service. Effective July 1, 2010, the Department no longer provides UPS ground shipping free of charge. When completing Form RPD-41158, Purchase Order for New Mexico...
When is payment due for stamp purchases?
If you have pre-approval (requires a surety bond) from the Department, you may pay by the 25th of the month following the month in which the cigarette stamp purchase was made. If you do not have pre-approval, the payment is due upon receipt of the stamps.
What is the deadline for ordering stamps?
Orders received after 2:00 p.m. are processed the next business day.