us-nm/stat
NMSA 1978, § 7-9C-8 — Deductions; telecommunications providers
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.
B.
For the purposes of this section:
(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
(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.
Source: official text