Receipts from the provision of wide-area telephone service and private communications service in this state may be deducted from interstate telecommunications gross receipts.
History: Laws 1992, ch. 50, § 6 and Laws 1992, ch. 67, § 6; 1993, ch. 30, § 17.
The 1993 amendment, effective June 18, 1993, substituted "Deduction" for "Exemption" in the section heading; and rewrote this section, which read "Exempted from the interstate telecommunications gross receipts tax are receipts from the provision of wide-area telephone service and private communications service."
Structure New Mexico Statutes
Article 9C - Interstate Telecommunications Gross Receipts Tax
Section 7-9C-4 - Presumption of taxability.
Section 7-9C-5 - Date payment due.
Section 7-9C-6 - Deduction; certain telephone services.
Section 7-9C-7 - Deduction; sale of a service for resale.
Section 7-9C-8 - Deductions; telecommunications providers.
Section 7-9C-9 - Deduction; bad debts.
Section 7-9C-10 - Credit; services performed outside the state.