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 § 7-4-17

Ch. 7Taxation

Art. 4Division of Income for Tax Purposes

This text of New Mexico § 7-4-17 (Determination of sales in this state of tangible personal) 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. § 7-4-17 (2026).

Text

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.