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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-76 - Deduction; gross receipts tax; travel agents' commissions paid by certain entities.
Universal Citation: NM Stat § 7-9-76 (2019)
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.
ANNOTATIONSEffective dates. — Laws 1977, ch. 288, § 3 made Laws 1977, ch. 288, § 2 effective July 1, 1977.
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