All property that is part of a communications system and is subject to valuation for property taxation purpose including Cable TV Providers, shall be valued in accordance with the provisions of section 7-36-30 NMSA 1978.
The value of property that is part of a telecommunications system is determined according to the special method of valuation as described in Section 7-36-30 NMSA 1978, as updated or renumbered. Telecommunications companies reporting or rendering to the Property Tax Division for the first time must make an election at that time to report under the cost less depreciation method or under the unit method of valuation. The choice once made is effective for at least three consecutive tax years. To change after your first election, a written request must be made to the secretary of the department. The secretary must approve the change. Filing a rendition under one of the two methods is an automatic election.
This is the form schedule per filer category:
|370-Comm System PCS-Regulated||X||X||X||X||X|
|370-Comm System PCS-Unregulated||X||X||X||X||X|
The forms listed below must be completed for your rendition:
Generic CAB Forms
CAB-01: Report of Company Information
CAB-05T: Report of Personal Property (Telco Account Codes)
Note: Use to report materials and supplies, central office equipment, large PBXs, all inventories of personal property that are used in the conduct of the business. Report vehicles that are not registered under the motor vehicle code of New Mexico and other personal property including, but not limited to, office furniture, office equipment, testing equipment, computers, machinery and equipment.
CAB-06: Report of Construction Work in Progress (CWIP)
Note: Use to report all construction work in progress, TPUC-Buildings and COE and TPUC-Other Plant (Value is 50% of Cost).
CAB-08: Report of Leased Property
Note: Use to list all leased or rented property where the tax liability rests with lessor.
CAB-T1: Report of Telephone Plant Value
Note: Use this form to calculate the rate per mile of open wire and cable of the telephone plant accounts not determined on CAB-04, 05, 06 and 08 Forms. All account numbers on this form correspond to the FCC or REA Reports.
Note: If you have not reported all your property on Schedules CAB-04, CAB-05, and CAB-06 by its exact location and you wish to allocate the value along your system, then use this form to allocate it by miles of line. Please note that if you have already included the property once on Schedule CAB-04, CAB-05, or CAB-06, you do not need to include it again on this schedule. That property not already listed by its exact location needs to be allocated on this form.
Note: This schedule is for sales meters having an original cost less than $2,500. "Large Industrial Sales Meters" having an original cost in excess of $2,500 are to be reported on CAB-05 Form, Report of Personal Property.