For those taxpayers who do not compute an amount upon which the federal income tax is calculated or who do not compute their federal income tax payable for the taxable year, the secretary shall prescribe such regulations or instructions as he may deem necessary to enable them to compute their corporate income tax due.
History: 1978 Comp., § 7-2A-6, enacted by Laws 1981, ch. 37, § 39; 1986, ch. 20, § 38.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 85 C.J.S. Taxation § 1756 to 1759.
Structure New Mexico Statutes
Article 2A - Corporate Income and Franchise Tax
Section 7-2A-3 - Imposition and levy of taxes.
Section 7-2A-5 - Corporate income tax rates.
Section 7-2A-5.1 - Corporate franchise tax amount.
Section 7-2A-6 - Tax computation; alternative method.
Section 7-2A-7 - Taxes applied to corporations on federal areas.
Section 7-2A-8.3 - Combined and consolidated returns.
Section 7-2A-8.6 - Credit for preservation of cultural property; corporate income tax credit.
Section 7-2A-8.8 - Welfare-to-work tax credit.
Section 7-2A-8.9 - Tax credit; certain conveyances of real property.
Section 7-2A-9 - Taxpayer returns; payment of tax.
Section 7-2A-9.1 - Estimated tax due; payment of estimated tax; penalty; exemption.
Section 7-2A-9.2 - Limitation on claiming of credits and tax rebates.
Section 7-2A-10 - Information returns.
Section 7-2A-11 - Accounting methods.
Section 7-2A-12 - Fiscal years permitted.
Section 7-2A-13 - Administration.
Section 7-2A-14 - Corporate-supported child care; credits allowed.
Section 7-2A-15 - Qualified business facility rehabilitation credit; corporate income tax credit.
Section 7-2A-16 - Intergovernmental business tax credit.
Section 7-2A-17.1 - Job mentorship tax credit.
Section 7-2A-18 - Credit; certain electronic equipment.
Section 7-2A-21 - Sustainable building tax credit.
Section 7-2A-23 - Credit; blended biodiesel fuel.
Section 7-2A-24 - Geothermal ground-coupled heat pump tax credit.
Section 7-2A-25 - Advanced energy corporate income tax credit.
Section 7-2A-26 - Agricultural biomass corporate income tax credit.
Section 7-2A-27 - Veteran employment tax credit.
Section 7-2A-28 - 2015 sustainable building tax credit.
Section 7-2A-28.1 - 2021 sustainable building tax credit.
Section 7-2A-29 - Foster youth employment corporate income tax credit.
Section 7-2A-31 - Deduction; income from leasing a liquor license.