State of New Mexico House of Representatives FORTY-THIRD LEGISLATURE FIRST SESSION, 1997 March 12, 1997 Mr. Speaker: Your TAXATION AND REVENUE COMMITTEE, to whom has been referred HOUSE BILL 1082 has had it under consideration and reports same with recommendation that it DO PASS, amended as follows: 1. On page 1, line 11, after "RECEIPTS" insert "AND FROM INTERSTATE TELECOMMUNICATIONS GROSS RECEIPTS". 2. On page 1, line 18, after "Receipts" strike the remainder of the line, strike all of lines 19 through 21 and insert in lieu thereof: "during the period July 1, 1997 through June 30, 1999 from providing leased telephone lines, telecommunications services, internet access services or computer programming that will be used by other persons in providing internet access and related services to the final user may be deducted from gross receipts if the sale is made to a person who is subject to the interstate telecommunications gross receipts tax or to the gross receipts tax." Section 2. Section 7-9C-7 NMSA 1978 (being Laws 1992, Chapter 50, Section 7 and also Laws 1992, Chapter 67, Section 7) is amended to read: "7-9C-7. DEDUCTION--SALE OF A SERVICE FOR RESALE.-- A. Receipts from providing an interstate telecommunications service in this state that will be used by other persons in providing telephone or telegraph services to the final user may be deducted from interstate telecommunications gross receipts if the sale is made to a person who is subject to the interstate telecommunications gross receipts tax or to the gross receipts tax or the compensating tax. B. Receipts during the period July 1, 1997, through June 30, 1999 from providing leased telephone lines, telecommunications services, internet access services or computer programming that will be used by other persons in providing internet access and related services to the final user may be deducted from interstate telecommunications gross receipts if the sale is made to a person who is subject to the interstate telecommunications gross receipts tax, to the gross receipts tax or to the compensating tax." Section 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 1997.". Respectfully submitted, Jerry W. Sandel, Chairman Adopted Not Adopted (Chief Clerk) (Chief Clerk) Date The roll call vote was 10 For 0 Against Yes: 10 Excused: Gubbels, Lovejoy, Parsons Absent: None .117812.2 G:\BILLTEXT\AMEND_97\H1082TR1