The New Mexico Department of Revenue provided a new law allowing receipts from selling certain professional services to be deducted from New Mexico gross receipts for taxing purposes. The qualifying sales are for those made to people in the manufacturing business who already deliver nontaxable transaction certificates to the seller. The professional services must be related to the product that the buyer is manufacturing. For clarification, New Mexico defines “professional services as accounting services, architectural services, engineering services, information technology services and legal services.” The state hopes that these deductions encourage manufacturing businesses to locate in New Mexico. (New Mexico Department of Revenue, H.B. 163, March 8, 2022)