New Mexico Sales Tax on Optional Maintenance Contracts New Mexico: Sales Tax Handbook

New Mexico:

Are Optional Maintenance Contracts subject to sales tax?

While New Mexico's sales tax generally applies to most transactions, certain items have special treatment in many states when it comes to sales taxes. This page describes the taxability of optional maintenance contracts in New Mexico, including parts purchased for use in performing service under optional maintenance contracts. To learn more, see a full list of taxable and tax-exempt items in New Mexico.


General Optional Maintenance Contracts
TAXABLE
Sales of are subject to sales tax in New Mexico.

Parts Purchased for Use in Performing Service Under Optional Maintenance Contracts
EXEMPT
Sales of parts purchased for use in performing service under optional maintenance contracts are exempt from the sales tax in New Mexico.



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Source: http://www.salestaxhandbook.com/new-mexico/sales-tax-taxability/optional-maintenance-contracts