Court rules against private NM prison company's tax appeal
Source: By The Associated Press (NM), 09/19/2007
The state Court of Appeals has ruled (.pdf) that a private prison company is not entitled to a refund of taxes for operating prisons that house inmates for the state and federal governments.
Corrections Corporation of America had sought a refund of state gross receipts taxes, claiming it was allowed a deduction for the leasing of its prisons under agreements with the Department of Corrections and the federal Bureau of Prisons.
The Court of Appeals concluded Tuesday there was no lease of real property.