A. The secretary of taxation and revenue may enter into the agreement with one or more member states to simplify and modernize sales tax and use tax administration and to reduce the burden of tax compliance for sellers.
B. The secretary of taxation and revenue is authorized to:
(1) act jointly with member states to establish standards for a certified automated system and establish performance standards for multistate sellers pursuant to the agreement;
(2) take actions reasonably required to implement the provisions of the Streamlined Sales and Use Tax Administration Act; and
(3) adopt rules with member states pursuant to the agreement.
C. The secretary of taxation and revenue or the secretary's designee is authorized to represent this state before member states.
History: Laws 2005, ch. 225, § 4.
Effective dates. — Laws 2005, ch. 225 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2005, 90 days after adjournment of the legislature.
Structure 2021 New Mexico Statutes
Article 5A - Streamlined Sales and Use Tax Administration
Section 7-5A-2 - Legislative findings.
Section 7-5A-4 - Authority to enter agreement.
Section 7-5A-5 - Relationship to state law.
Section 7-5A-6 - Agreement requirements.
Section 7-5A-7 - Member states.