Deduction; gross receipts; services provided for certain electric transmission and storage facilities.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Deduction; gross receipts; services provided for certain electric transmission and storage facilities.

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Receipts from providing services to the New Mexico renewable energy transmission authority or an agent or lessee of the authority for the planning, installation, repair, maintenance or operation of an electric transmission facility or an interconnected storage facility acquired by the authority pursuant to the New Mexico Renewable Energy Transmission Authority Act [Chapter 62, Article 16A NMSA 1978] may be deducted from gross receipts.

History: Laws 2007, ch. 3, § 18.

ANNOTATIONS

Effective date. — Laws 2007, ch. 3, § 19 made Laws 2007, ch. 3, § 18 effective July 1, 2007.


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