Understanding the intricacies of the ACD-31052 form is essential for businesses engaging in transactions within New Mexico. Revised in February 2005, this form, known as the Nontaxable Transaction Certificate (NTTC) - Series 1992, serves as a crucial document for both sellers and buyers. It allows transactions to be conducted without the addition of tax when the purchased goods are intended for resale, lease, or as components in manufacturing. The form requires detailed information including the Certificate Type, Certificate Number, execution dates, along with the buyer’s and seller’s New Mexico CRSID numbers and company details. Its usage is governed by several sections of the NMSA 1978, addressing different scenarios under which the NTTC can be applied - from purchasing tangible personal property for manufacturing to leasing or reselling items in the ordinary course of business. Caution is advised, as misuse of this certificate or conversion of the purchased goods to uses not specified can lead to penalties, including the suspension of the right to use NTTCs and liability for compensating tax. The form emphasizes the responsibility of the seller to act in good faith, believing that the buyer will adhere to the conditions of the NTTC. This document not only facilitates tax-free transactions but also serves as a testament to the trust placed in the transactional integrity between businesses.
Question | Answer |
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Form Name | Acd 31052 Form |
Form Length | 1 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 15 sec |
Other names | series 1992 nontaxable transaction certificate, nttc certificate, new mexico nttc, non taxable transaction certificate |
REV. 02/2005
SERIES 1992 - NONTAXABLE TRANSACTION CERTIFICATE - SERIES 1992
SELLER'S/LESSOR'S COPY
New Mexico Taxation and Revenue Department
PO Box 5557, Santa Fe, New Mexico
Certificate Type: |
TYPE2 |
Certificate Number: |
Date Issued: |
4/17/2009 |
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EXECUTED BY: |
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EXECUTED TO: |
(ENTER SAME INFORMATION INTO BUYER'S COPY BELOW) |
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Buyer's New Mexico CRSID#: |
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Seller's New Mexico CRSID#: |
208493827 |
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Company Name: |
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Company Name: |
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RESOURCEOFFICEPRODUCTS, INC. |
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TEGRANT CORPORATION |
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Address |
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3930 VENTURADRIVE, SUITE450 |
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8527 CALLE ALAMEDANE |
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Zip: |
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ALBUQUERQUE |
NM |
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ARLINGTON HEIGHTS IL |
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USA |
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Contract Number: |
Contract Expiration Date: |
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Date Certificate Executed: |
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(cannot be prior to date issued) |
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4/17/2009 |
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Aseller may not accept this nontaxable transaction certificate to support a deduction from gross receipts unless the seller has a
lease or use the property or service soldor leasedin the manner representedby the nontaxable transaction certificate.
TYPE2 CERTIFICATES MAYBEEXECUTED:
1)By manufacturers for the purchase of tangible personal property that will become an ingredient or component of the product manufactured product. Section
2)For the purchase of tangible personal property or licenses for resale either alone or in combination with other tangible personal property or licenses in the ordinary course of business. (Section
3)By the lessee for the lease of tangible personal property or licenses for subsequent lease in the ordinary course of business except for, the lease of furniture or appliances (the receipts from the rental or lease of which are deductible under Subsection C of Section
4)For the purchase of tangible personal property or licenses for subsequent lease in the ordinary course of business except for, the lease of furniture or appliances (the receipts from the rental or lease of which are deductible under Subsection C of Section
C A U T I O N:
·A personwhomisuses this certificate maybe subjecttosuspensionofthe righttouse nontaxable transactioncertificates
·A person who executes a nontaxable transaction certificate to acquire property or a service, but then converts that property or service to use in a mannerotherthanthatprovided bythe NTTC, is liable forcompensatingtax
SERIES 1992 - NONTAXABLE TRANSACTION CERTIFICATE - SERIES 1992
- - - - - - CUT HERE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
CUT HERE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
CUT HERE - - - - - - |
BUYER’S COPY
The information below MUST be entered into the New Mexico Taxation and Revenue Department’s NTTC.NET
Certificate Type: |
TYPE 2 |
Certificate Number: |
Date Issued: 4/17/2009 |
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EXECUTED BY: |
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EXECUTED TO: |
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Buyer's New Mexico CRSID#: |
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Seller's New Mexico CRSID#: |
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208493827 |
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Company Name: |
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Company Name: |
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RESOURCE OFFICE PRODUCTS, INC. |
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TEGRANT CORPORATION |
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Address |
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3930 VENTURA DRIVE, SUITE 450 |
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8527 CALLE ALAMEDA NE |
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ALBUQUERQUE |
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ARLINGTON HEIGHTS |
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Contract Number: |
Contract Expiration Date: |
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Date Certificate Executed: |
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4/17/2009 |
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New Mexico Taxation and Revenue Department |
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PO Box 5557, Santa Fe, New Mexico |
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BUYER’S COPY: |
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NONTAXABLE TRANSACTION |
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