How to Get a Reseller License in New Mexico

New Mexico uses a Gross Receipts Tax (GRT) instead of traditional sales tax, with the tax imposed on the seller rather than the buyer. Businesses must register for a Combined Reporting System (CRS) Identification Number (also called NMBTIN) through the Taxpayer Access Point (TAP). Registration is free and processing takes 24-48 hours online, with the CRS ID available instantly upon approval.

To make tax-exempt purchases for resale, you must obtain a Nontaxable Transaction Certificate (NTTC) Type 2 through TAP—this is an electronic certificate, not a paper form. Note that out-of-state resale certificates are NOT valid in New Mexico. The state GRT rate is 5.125%, with local rates adding up to 3.94% for combined rates up to 9%. Economic nexus threshold is $100,000 in taxable gross receipts.