Interstate Telecommunications Gross Receipts Tax
The Interstate Telecommunications Gross Receipts Tax (ITGRT) applies to interstate telecommunications gross receipts of any person engaging in interstate telecommunications business in New Mexico (Section 7-9C-3 NMSA 1978). Interstate telecommunications gross receipts are the total amount of money or the value of other consideration received from providing
The tax rate is 4.25%. It applies to the taxable receipts described above. No local option gross receipts taxes may be imposed on interstate telecommunications services.
After payment of refunds and interest, the state distributes a portion of ITGRT to municipalities according to a formula based on interstate telecommunications gross receipts tax collected from business locations within municipalities, state fairgrounds within municipalities, municipally owned land outside the municipality, and Indian reservations or pueblo grants adjoining the municipality. The remainder goes to the General Fund.
To contact the Department
FYI-403: Interstate Telecommunications
FYI-105: Gross Receipts and Compensating Taxes: An Overview
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