NMSA 1978, § 7-9-67 — 7-9-67

Deduction; gross receipts tax; governmental gross receipts
tax; refunds; uncollectible debts.

# A.

Refunds and allowances made to buyers or amounts written off the books as an
uncollectible debt by a person reporting gross receipts tax on an accrual basis may be
deducted from gross receipts. If debts reported uncollectible are subsequently collected,
such receipts shall be included in gross receipts in the month of collection.

# B.

Refunds and allowances made to buyers or amounts written off the books as an
uncollectible debt by a person reporting governmental gross receipts tax on an accrual
basis may be deducted from governmental gross receipts. If debts reported
uncollectible are subsequently collected, such receipts shall be included in
governmental gross receipts in the month of collection.