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

New Mexico Statutes

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

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

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.

New Mexico § 7-4-4 (When taxable in another state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.