Statutes, codes, and regulations
New Mexico Administrative Code
Title 3 - TAXATIONChapter 4 - CORPORATE INCOME TAXES
Part 1 - GENERAL PROVISIONS
Section 3.4.1.13 - FOREIGN SOURCE DIVIDENDS AFTER JANUARY 1, 2020

N.M. Admin. Code § 3.4.1.13

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Current through Register Vol. 35, No. 17, September 10, 2024
Section 3.4.1.13 - FOREIGN SOURCE DIVIDENDS AFTER JANUARY 1, 2020

For tax years beginning on or after January 1, 2020, "base income" under Section 7-2A-2 NMSA 1978 includes special deductions allowed under the Internal Revenue Code Sections 241 through 249 including the deduction for foreign source dividends under Section 245A.

N.M. Admin. Code § 3.4.1.13

Adopted by New Mexico Register, Volume XXXII, Issue 06, March 23, 2021, eff. 3/23/2021