A Survey of the Provisions and the Administration of the Sales Tax and Compensating Tax Statutes of New Mexico
Purposes. The largest single source of state tax revenue is collected under the provisions of the school or sales tax statue. As court decisions made the school tax inapplicable to certain types of sales, a complementary law--the compensating or use tax statute--taxing these sales was enacted. Practically every economic group and all levels of economic activity are taxed. Yet, despite the extensive scope of these statutes, surprisingly little has been written explaining the interpretations of the state laws or describing their administration. The purposes of this thesis therefore are: (1) to summarize the provisions and interpretations of the tax statutes; (2) to describe the administrative divisions, the executive control of these divisions, and the procedures used to enforce the laws; and (3) to survey briefly the outstanding administrative problems.