New Mexico § 7-4-20 Agreements authorized in unusual cases

New Mexico Statutes

§ 7-4-20 — Agreements authorized in unusual cases

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

In circumstances within the scope of Section 7-4-19 NMSA 1978 and in other circumstances where the revenues of this state would not be adversely affected, the secretary is authorized to enter into an agreement in writing with any person with respect to apportionment and allocation of that person's income. Except upon a showing of fraud or misrepresentation of a material fact or a change in the statutory law, such agreement shall be conclusive. Any agreement, however, may be terminated by either party by written notice thereof to the other party at least ninety days before the beginning of the taxable year to which the termination applies.

Free access — add to your briefcase to read the full text and ask questions with AI

In circumstances within the scope of Section 7-4-19 NMSA 1978 and in other circumstances where the revenues of this state would not be adversely affected, the secretary is authorized to enter into an agreement in writing with any person with respect to apportionment and allocation of that person's income. Except upon a showing of fraud or misrepresentation of a material fact or a change in the statutory law, such agreement shall be conclusive. Any agreement, however, may be terminated by either party by written notice thereof to the other party at least ninety days before the beginning of the taxable year to which the termination applies.

New Mexico § 7-4-20 (Agreements authorized in unusual cases) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.