New Mexico Statutes
§ 7-2-21.1 — Accounting methods
New Mexico § 7-2-21.1
This text of New Mexico § 7-2-21.1 (Accounting methods) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 7-2-21.1 (2026).
Text
A taxpayer shall use the same accounting methods for reporting income for New Mexico income tax purposes as are used in reporting income for federal income tax purposes.
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Legislative History
1978 Comp., § 7-2-21.1, enacted by Laws 1981, ch. 37, § 32.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-2-21.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-2-21.1.