0001| HOUSE BILL 1082 | 0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997 | 0003| INTRODUCED BY | 0004| J. "ANDY" KISSNER | 0005| | 0006| | 0007| | 0008| | 0009| | 0010| AN ACT | 0011| RELATING TO TAXATION; ALLOWING A DEDUCTION FROM GROSS RECEIPTS | 0012| FOR RECEIPTS FROM PROVIDING CERTAIN INTERNET SERVICES. | 0013| | 0014| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0015| Section 1. A new section of the Gross Receipts and | 0016| Compensating Tax Act is enacted to read: | 0017| "[NEW MATERIAL] DEDUCTION--GROSS RECEIPTS TAX--INTERNET | 0018| SERVICES.--Receipts from providing connection to the internet, | 0019| storing information on computers attached to the internet and | 0020| preparing information for the world wide web may be deducted | 0021| from gross receipts." | 0022| .116686.1 | 0023| State of New Mexico | 0024| House of Representatives | 0025| | 0001| FORTY-THIRD LEGISLATURE | 0002| FIRST SESSION, 1997 | 0003| | 0004| | 0005| March 12, 1997 | 0006| | 0007| | 0008| Mr. Speaker: | 0009| | 0010| Your TAXATION AND REVENUE COMMITTEE, to whom has | 0011| been referred | 0012| | 0013| HOUSE BILL 1082 | 0014| | 0015| has had it under consideration and reports same with | 0016| recommendation that it DO PASS, amended as follows: | 0017| | 0018| 1. On page 1, line 11, after "RECEIPTS" insert "AND FROM | 0019| INTERSTATE TELECOMMUNICATIONS GROSS RECEIPTS". | 0020| | 0021| 2. On page 1, line 18, after "Receipts" strike the | 0022| remainder of the line, strike all of lines 19 through 21 and | 0023| insert in lieu thereof: | 0024| | 0025| "during the period July 1, 1997 through June 30, 1999 from | 0001| providing leased telephone lines, telecommunications services, | 0002| internet access services or computer programming that will be | 0003| used by other persons in providing internet access and related | 0004| services to the final user may be deducted from gross receipts if | 0005| the sale is made to a person who is subject to the interstate | 0006| telecommunications gross receipts tax or to the gross receipts | 0007| tax." | 0008| | 0009| Section 2. Section 7-9C-7 NMSA 1978 (being Laws 1992, | 0010| Chapter 50, Section 7 and also Laws 1992, Chapter 67, Section 7) | 0011| is amended to read: | 0012| | 0013| "7-9C-7. DEDUCTION--SALE OF A SERVICE FOR RESALE.-- | 0014| | 0015| A. Receipts from providing an interstate | 0016| telecommunications service in this state that will be used by | 0017| other persons in providing telephone or telegraph services to the | 0018| final user may be deducted from interstate telecommunications | 0019| gross receipts if the sale is made to a person who is subject to | 0020| the interstate telecommunications gross receipts tax or to the | 0021| gross receipts tax or the compensating tax. | 0022| | 0023| | 0024| | 0025| | 0001| | 0002| B. Receipts during the period July 1, 1997, through June | 0003| 30, 1999 from providing leased telephone lines, | 0004| telecommunications services, internet access services or computer | 0005| programming that will be used by other persons in providing | 0006| internet access and related services to the final user may be | 0007| deducted from interstate telecommunications gross receipts if the | 0008| sale is made to a person who is subject to the interstate | 0009| telecommunications gross receipts tax, to the gross receipts tax | 0010| or to the compensating tax." | 0011| | 0012| Section 3. EFFECTIVE DATE.--The effective date of the | 0013| provisions of this act is July 1, 1997.". | 0014| | 0015| Respectfully submitted, | 0016| | 0017| | 0018| | 0019| | 0020| | 0021| Jerry W. Sandel, Chairman | 0022| | 0023| | 0024| Adopted Not Adopted | 0025| | 0001| (Chief Clerk) (Chief Clerk) | 0002| | 0003| Date | 0004| | 0005| The roll call vote was 10 For 0 Against | 0006| Yes: 10 | 0007| Excused: Gubbels, Lovejoy, Parsons | 0008| Absent: None | 0009| | 0010| | 0011| .117812.2 | 0012| G:\BILLTEXT\BILLW_97\H1082 | 0013| | 0014| FORTY-THIRD LEGISLATURE | 0015| FIRST SESSION, 1997 | 0016| | 0017| | 0018| March 19, 1997 | 0019| | 0020| Mr. President: | 0021| | 0022| Your WAYS AND MEANS COMMITTEE, to whom has been | 0023| referred | 0024| | 0025| HOUSE BILL 1082, as amended | 0001| | 0002| has had it under consideration and reports same with | 0003| recommendation that it DO PASS, and thence referred to the | 0004| FINANCE COMMITTEE. | 0005| | 0006| Respectfully submitted, | 0007| | 0008| | 0009| | 0010| | 0011| __________________________________ | 0012| Carlos R. Cisneros, Chairman | 0013| | 0014| | 0015| | 0016| Adopted_______________________ Not | 0017| Adopted_______________________ | 0018| (Chief Clerk) (Chief Clerk) | 0019| | 0020| | 0021| Date ________________________ | 0022| | 0023| | 0024| The roll call vote was 8 For 0 Against | 0025| Yes: 8 | 0001| No: 0 | 0002| Excused: McSorley | 0003| Absent: None | 0004| | 0005| | 0006| H1082WM1 | 0007| |