Deduction; gross receipts tax; travel agents' commissions paid by certain entities.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Deduction; gross receipts tax; travel agents' commissions paid by certain entities.

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Receipts of travel agents derived from commissions paid by maritime transportation companies and interstate airlines, railroads and passenger buses for booking, referral, reservation or ticket services may be deducted from gross receipts.

History: 1953 Comp., § 72-16A-14.33, enacted by Laws 1977, ch. 288, § 2.

ANNOTATIONS

Effective dates. — Laws 1977, ch. 288, § 3 made Laws 1977, ch. 288, § 2 effective July 1, 1977.


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