{"data":{"id":"us-nm/7-9c-8","jurisdiction":"us-nm","citation":"7-9C-8","heading":"Deductions; telecommunications providers.","body":"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.\nB. For the purposes of this section:\n(1) \"affiliated corporation\" means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with the subject corporation; and\n(2) \"control\" means ownership of stock in a corporation that represents at least eighty percent of the total voting power of the corporation and has a value equal to at least eighty percent of the total value of the stock of that corporation.","path":["Chapter 7 - Taxation","ARTICLE 9C Interstate Telecommunications Gross Receipts 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":"03f8ef4cd87a81fc0c866f9323d8d27cf0ee6f79fb9f56229f7b7c28655eb5a0","source_id":"us-nm","stale":false,"prev":"us-nm/7-9c-7","next":"us-nm/7-9c-9"},"notice":"GroundRules: Original legal text. Not legal advice."}