N.M. Stat. § 7-4-4

Current through 2024, ch. 69

Section 7-4-4 - When taxable in another state

For purposes of allocation and apportionment of income under the Uniform Division of Income for Tax Purposes Act, a taxpayer is taxable in another state if:

A. in that state he is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax; or

B. that state has jurisdiction to subject the taxpayer to a net income tax, regardless of whether the state does or does not.

NMS § 7-4-4

1953 Comp., § 72-15A-19, enacted by Laws 1965, ch. 203, § 4.