There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 2A: Corporate Income and Franchise Tax, 7-2A-1 through 7-2A-26
Section 7-2A-11: Accounting methods.
NM Stat § 7-2A-11 (1996 through 1st Sess 50th Legis) What's This?
7-2A-11. Accounting methods.
A taxpayer shall use the same accounting methods for reporting income for corporate income tax purposes as are used in reporting income for federal income tax purposes.
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