NMSA 1978, § 7-9-55 — 7-9-55

Deduction; gross receipts tax; governmental gross receipts
tax; transaction in interstate commerce.

# A.

Receipts from transactions in interstate commerce may be deducted from gross
receipts to the extent that the imposition of the gross receipts tax would be unlawful
under the United States constitution.

# B.

Receipts from transactions in interstate commerce may be deducted from
governmental gross receipts.

# C.

Receipts from transmitting messages or conversations by radio other than from
one point in this state to another point in this state and receipts from the sale of radio or
television broadcast time when the advertising message is supplied by or on behalf of a
national or regional seller or advertiser not having its principal place of business in or
being incorporated under the laws of this state, may be deducted from gross receipts.
Commissions of advertising agencies from performing services in this state may not be
deducted from gross receipts under this section.