2011 New Mexico Statutes
Chapter 7: Taxation
Article 4: Division of Income for Tax Purposes, 7-4-1 through 7-4-21
Section 7-4-4: When taxable in another state.
7-4-4. When taxable in another state.
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.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
