New Mexico § 7-4-17 Determination of sales in this state of tangible personal

New Mexico Statutes

§ 7-4-17 — Determination of sales in this state of tangible personal

New Mexico·Ch. 7 Taxation·Art. 4 Division of Income for Tax Purposes

property for inclusion in sales factor. Sales of tangible personal property are in this state if: A. the property is delivered or shipped to a purchaser other than the United States government within this state regardless of the f. o. b. point or other conditions of the sale; or B. the property is shipped from an office, store, warehouse, factory or other place of storage in this state and:

(1)the purchaser is the United States government; or (2) the taxpayer:

(a)is not taxable in the state of the purchaser; and (b) did not make an election for apportionment of business income pursuant to Subsection B or C of Section 7-4-10 NMSA 1978.

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property for inclusion in sales factor. Sales of tangible personal property are in this state if: A. the property is delivered or shipped to a purchaser other than the United States government within this state regardless of the f. o. b. point or other conditions of the sale; or B. the property is shipped from an office, store, warehouse, factory or other place of storage in this state and: (1) the purchaser is the United States government; or (2) the taxpayer: (a) is not taxable in the state of the purchaser; and (b) did not make an election for apportionment of business income pursuant to Subsection B or C of Section 7-4-10 NMSA 1978.

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