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New
Mexico is one of the 10 states that was grandfathered out of the federal
moritorium concerning taxes on internet access (see the green sidebar in the
article you point to). Texas is another of the 10. These 10 states can
charge for internet access if they feel like it. Here in Texas we collect
tax on internet access... but... the tax statutes say that we only collect taxes
on access charges above $25. The first $25 is tax free. New Mexico is 'allowed'
to collect tax on internet access, but not being a New Mexicoinian <g> I
don't know what the rules are concerning what rate and any exeptions (like the
first $25 thing). Check with your tax agency to get the details. As one of the
10 states, the state gets to say what access taxes you do/don't
collect.
As I
understand it, the current congressional action will remove the grandfather
clause on the 10 states, thus making the whole exercise
moot...
Dave
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- [smartBridges] Renewal expected on ban of Internet access ta... Bobby Bounds
- Re: [smartBridges] Renewal expected on ban of Internet ... Earl Campbell
- Dave Covert
