Taxes applied to corporations on federal areas.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Corporate Income and Franchise Tax
  5. Taxes applied to corporations on federal areas.

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To the extent permitted by law, no corporation shall be relieved from liability for corporate income tax or corporate franchise tax by reason of receiving income from transactions occurring or work or services performed within a federal area.

History: 1978 Comp., § 7-2A-7, enacted by Laws 1981, ch. 37, § 40; 1986, ch. 20, § 39.

ANNOTATIONS

Cross references. — For other taxes applicable in federal areas, see 19-2-5 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation § 228.

84 C.J.S. Taxation § 292.


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