N.M. Admin. Code § 3.2.211.11

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.2.211.11 - UTILITIES - SALE OF COMPANY FACILITIES

Receipts of an electric utility company from the sale of company facilities such as transformer installations or pole lines in place are receipts from the sale of real property and may be deducted from gross receipts pursuant to Section 7-9-53 NMSA 1978.

N.M. Admin. Code § 3.2.211.11

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.211.11 NMAC - Rn, 3 NMAC 2.53.11 & A, 5/31/01, Adopted by New Mexico Register, Volume XXXV, Issue 18, September 24, 2024, eff. 9/24/2024