New Mexico § 7-4-4 When taxable in another state

New Mexico Statutes

§ 7-4-4 — When taxable in another state

New Mexico § 7-4-4

Ch. 7Taxation

Art. 4Division of Income for Tax Purposes

This text of New Mexico § 7-4-4 (When taxable in another state) 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. § 7-4-4 (2026).

Text

For purposes of allocation and apportionment of income under the Uniform Division of Income for Tax Purposes Act, a taxpayer is taxable in another state if: A. in that state he is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax; or B. that state has jurisdiction to subject the taxpayer to a net income tax, regardless of whether the state does or does not.

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For purposes of allocation and apportionment of income under the Uniform Division of Income for Tax Purposes Act, a taxpayer is taxable in another state if: A. in that state he is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax; or B. that state has jurisdiction to subject the taxpayer to a net income tax, regardless of whether the state does or does not.