New Mexico Statutes
§ 7-4-5 — Allocation of certain nonbusiness income
New Mexico § 7-4-5
This text of New Mexico § 7-4-5 (Allocation of certain nonbusiness income) 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. § 7-4-5 (2026).
Text
Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 6 through 9 [7-4-6 to 7-4-9 NMSA 1978] of the Uniform Division of Income for Tax Purposes Act.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 72-15A-20, enacted by Laws 1965, ch. 203, § 5.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-4-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-4-5.