2021 New Mexico Statutes
Chapter 7 - Taxation
Article 4 - Division of Income for Tax Purposes

Section 7-4-1 - Short title. - Chapter 7, Article 4 NMSA 1978 may be cited as...

Section 7-4-2 - Definitions. - As used in the Uniform Division of Income for Tax...

Section 7-4-3 - Allocation and apportionment of income in general. - Except as otherwise provided by law any taxpayer having income...

Section 7-4-4 - When taxable in another state. - For purposes of allocation and apportionment of income under the...

Section 7-4-5 - Allocation of certain nonbusiness income. - Rents and royalties from real or tangible personal property, capital...

Section 7-4-6 - Allocation of rents and royalties. - A. Net rents and royalties from real property located in...

Section 7-4-7 - Allocation of capital gains and losses. - A. Capital gains and losses from sales of real property...

Section 7-4-8 - Allocation of interest and dividends. - Interest and dividends are allocable to this state if the...

Section 7-4-9 - Allocation of patent and copyright royalties. - A. Patent and copyright royalties are allocable to this state:...

Section 10 - Apportionment of business income. - A. Except as provided in Subsections B and C of...

Section 7-4-11 - Property factor for apportionment of business income. - The property factor is a fraction, the numerator of which...

Section 7-4-12 - Valuation of property for inclusion in property factor. - Property owned by the taxpayer is valued at its original...

Section 7-4-13 - Determination of average value of property for inclusion in property factor. - The average value of property shall be determined by averaging...

Section 7-4-14 - Payroll factor for apportionment of business income. - The payroll factor is a fraction, the numerator of which...

Section 7-4-15 - Determination of compensation for inclusion in payroll factor. - Compensation is paid in this state if: A. the individual's...

Section 7-4-16 - Sales factor for apportionment of business income. - The sales factor is a fraction, the numerator of which...

Section 7-4-17 - Determination of sales in this state of tangible personal property for inclusion in sales factor. - Sales of tangible personal property are in this state if:...

Section 7-4-18 - Determination of sales in this state of other than tangible personal property for inclusion in sales factor. - A. Sales, other than sales described in Section 7-4-17 NMSA...

Section 7-4-19 - Equitable adjustment of standard allocation or apportionment. - If the allocation and apportionment provisions of the Uniform Division...

Section 7-4-20 - Agreements authorized in unusual cases. - In circumstances within the scope of Section 7-4-19 NMSA 1978...

Section 7-4-21 - Construction of act. - The Uniform Division of Income for Tax Purposes Act shall...