NMSA 1978, § 7-9C-9 — Deduction; bad debts

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