New Mexico Statutes
§ 7-4-11 — Property factor for apportionment of business income
New Mexico § 7-4-11
This text of New Mexico § 7-4-11 (Property factor for apportionment of business income) 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. § 7-4-11 (2026).
Text
The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
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Legislative History
1953 Comp., § 72-15A-26, enacted by Laws 1965, ch. 203, § 11.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-4-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-4-11.