Effective July 1 2021, New Mexico is moving to destination-based gross receipts tax (GRT) rates and reporting for sales of tangible personal property. Under destination sourcing, wineries that hold a Direct Wine Shipment permit will be required to pay the combined state and local GRT rate in effect at the shipping address on wine sales […]
New Mexico Governor Signs Direct Shipping Legislation
On April 6, 2011 Governor Martinez signed direct shipping legislation, Senate Bill 445, into law transitioning New Mexico from a reciprocal state to a permit state. The legislation becomes effective on July 1, 2011 and brings New Mexico into compliance with the U.S. Supreme Court’s 2005 Granholm v. Heald ruling by allowing wineries in every […]
