New Mexico Statutes
§ 7-4-14 — Payroll factor for apportionment of business income
New Mexico § 7-4-14
This text of New Mexico § 7-4-14 (Payroll 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. § 7-4-14 (2026).
Text
The payroll factor is a fraction, the numerator of which is the total amount paid in this state during the tax period by the taxpayer for compensation, and the denominator of which is the total compensation paid everywhere during the tax period.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 72-15A-29, enacted by Laws 1965, ch. 203, § 14.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-4-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-4-14.