Part II-UNM Accounting Basics
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MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131
MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131
Gross Receipts Tax
The University does not pay gross receipts tax on purchases of tangible goods (except items purchased for the use in construction projects.).
The University issues a Type 9 Governmental Agencies and Organizations Non-Taxable Transaction Certificate. The certificates may be executed by governmental agencies and 501c(3) organizations for the purchase of tangible personal property only, and may not be used for the purchase of services or for the lease of property. Neither governmental agencies nor 501c(3) organizations may use these certificates to purchase construction materials to be used in construction projects.