{"data":{"id":"us-nm/7-9-69","jurisdiction":"us-nm","citation":"7-9-69","heading":"Deduction; gross receipts tax; administrative and accounting services.","body":"A. Receipts of a business entity for administrative, managerial, accounting and customer services performed by it for an affiliate upon a nonprofit or cost basis and receipts of a business entity from an affiliate for the joint use or sharing of office machines and facilities upon a nonprofit or cost basis may be deducted from gross receipts.\nB. For the purposes of this section:\n(1) \"affiliate\" means a business entity that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with another business entity;\n(2) \"business entity\" means a corporation, limited liability company, partnership, limited partnership, limited liability partnership or real estate investment trust, but does not mean an individual or a joint venture; and\n(3) \"control\" means equity ownership in a business entity that:\n(a) represents at least fifty percent of the total voting power of that business entity; or\n(b) has a value equal to at least fifty percent of the total equity of that business entity.","path":["Chapter 7 - Taxation","ARTICLE 9 Gross Receipts and Compensating Tax"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"db67929c2996152d738a4d778c77812a4aa63933e531417a1bd16213b59cfeef","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-68","next":"us-nm/7-9-70"},"notice":"GroundRules: Original legal text. Not legal advice."}