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. ANNOTATIONSThe 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.'
New Mexico Legal Code