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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9C-9

Deduction; bad debts

Official textnmonesource.comlast amended

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.

Amendment history

Laws 1992, ch. 50, § 9 and Laws 1992, ch. 67, § 9.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (11 sections)
  1. 7-9C-1 · Short title
  2. 7-9C-2 · Definitions
  3. 7-9C-3 · 7-9C-3
  4. 7-9C-4 · Presumption of taxability
  5. 7-9C-5 · Date payment due
  6. 7-9C-6 · Deduction; certain telephone services
  7. 7-9C-7 · Deduction; sale of a service for resale
  8. 7-9C-8 · Deductions; telecommunications providers
  9. 7-9C-9 · Deduction; bad debts
  10. 7-9C-10 · Credit; services performed outside the state
  11. 7-9C-11 · Administration
Full table of contents →