There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 4: Division of Income for Tax Purposes, 7-4-1 through 7-4-21
Section 7-4-16: Sales factor for apportionment of business income.
NM Stat § 7-4-16 (1996 through 1st Sess 50th Legis) What's This?
7-4-16. Sales factor for apportionment of business income.
The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax period, and the denominator of which is the total sales of the taxpayer everywhere during the tax period.
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