Division of Income for Tax Purposes

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Division of Income for Tax Purposes

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Section
7-4-1

Short title.

Section
7-4-2

Definitions.

Section
7-4-3

Allocation and apportionment of income in general.

Section
7-4-4

When taxable in another state.

Section
7-4-5

Allocation of certain nonbusiness income.

Section
7-4-6

Allocation of rents and royalties.

Section
7-4-7

Allocation of capital gains and losses.

Section
7-4-8

Allocation of interest and dividends.

Section
7-4-9

Allocation of patent and copyright royalties.

Section
7-4-11

Property factor for apportionment of business income.

Section
7-4-12

Valuation of property for inclusion in property factor.

Section
7-4-13

Determination of average value of property for inclusion in property factor.

Section
7-4-14

Payroll factor for apportionment of business income.

Section
7-4-15

Determination of compensation for inclusion in payroll factor.

Section
7-4-16

Sales factor for apportionment of business income.

Section
7-4-17

Determination of sales in this state of tangible personal property for inclusion in sales factor.

Section
7-4-18

Determination of sales in this state of other than tangible personal property for inclusion in sales factor.

Section
7-4-19

Equitable adjustment of standard allocation or apportionment.

Section
7-4-20

Agreements authorized in unusual cases.

Section
7-4-21

Construction of act.

Section
10

Apportionment of business income.