Imposition and rate of tax; denomination as interstate telecommunications gross receipts tax
Known as the Interstate Telecommunications Gross Receipts Tax Act
The act spans §§ 7–7 (11 sections).
Laws 1992, ch. 50, § 3 and Laws 1992, ch. 67, § 3.
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".
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.