Chapter 7, Article 9C NMSA 1978 may be cited as the “Interstate Telecommunications Gross Receipts Tax Act”. History: Laws 1992, ch. 50, § 1 and Laws 1992, ch. 67, § 1; 1993, ch. 30, § 15. ANNOTATIONS The 1993 amendment, effective June 18, 1993, substituted “Chapter 7, Article 9C NMSA 1978” for “Sections 1 through […]
To prevent actual multi-jurisdictional taxation of the privilege of engaging in business of providing interstate telecommunications services, any taxpayer, upon proof that the taxpayer has paid a sales, use, gross receipts or similar tax on the same interstate telecommunications gross receipts subject to the interstate telecommunications gross receipts tax, shall be allowed a credit against […]
A. The department shall interpret the provisions of the interstate telecommunications gross receipts tax. B. The department shall administer and enforce the collection of the interstate telecommunications gross receipts tax, and the Tax Administration Act [Chapter 7, Article 1 NMSA 1978] applies to the administration and enforcement of the tax. History: Laws 1992, ch. 50, […]
As used in the Interstate Telecommunications Gross Receipts Tax Act: A. “charges for mobile telecommunications services” has the meaning given in the federal Mobile Telecommunications Sourcing Act; B. “department” means the taxation and revenue department, the secretary of taxation and revenue or any employee of the department exercising authority lawfully delegated to that employee by […]
A. For the privilege of engaging in interstate telecommunications business, an excise tax equal to four and one-fourth percent of interstate telecommunications gross receipts is imposed upon any person engaging in interstate telecommunications business in New Mexico. B. The tax imposed by this section shall be referred to as the “interstate telecommunications gross receipts tax”. […]
A. To prevent evasion of the interstate telecommunications gross receipts tax and to aid in its administration, it is presumed that all receipts of a person engaging in interstate telecommunications business are subject to the interstate telecommunications gross receipts tax. B. If receipts from nontaxable charges for mobile telecommunications services are aggregated with and not […]
The interstate telecommunications gross receipts tax is to be paid to the department on or before the twenty-fifth day of the month following the month in which the taxable event occurs. History: Laws 1992 ch. 50, § 5 and Laws 1992, ch. 67, § 5. ANNOTATIONS Duplicate laws. — Laws 1992, ch. 50, § 5 […]
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. ANNOTATIONS The 1993 amendment, effective June 18, 1993, substituted “Deduction” for “Exemption” in […]
A. Receipts from providing an interstate telecommunications service in this state that will be used by other persons in providing telephone or telegraph services to the final user may be deducted from interstate telecommunications gross receipts if the sale is made to a person who is subject to the interstate telecommunications gross receipts tax or […]
A. Receipts from interstate telecommunications services that are provided by a corporation to itself or to an affiliated corporation may be deducted from interstate telecommunications gross receipts. B. For the purposes of this section: (1) “affiliated corporation” means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by or is […]
Refunds and allowances made to buyers of interstate telecommunications services or amounts written off the books as an uncollectible debt by a person reporting interstate telecommunications gross receipts tax on an accrual basis may be deducted from interstate telecommunications gross receipts. If debts reported as uncollectible are subsequently collected, such receipts shall be included in […]
