New Mexico Statutes Chapter 7. Taxation § 7-9C-8. Deductions; telecommunications providers

(1) “affiliated corporation” means a corporation that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with the subject corporation; and

(2) “control” means ownership of stock in a corporation that represents at least eighty percent of the total voting power of the corporation and has a value equal to at least eighty percent of the total value of the stock of that corporation.