2006 New Mexico Statutes - Section 7-2D-12 — Pass-thru entities.

7-2D-12. Pass-thru entities.

For purposes of the Venture Capital Investment Act [Chapter 7, Article 2D NMSA 1978], any gain or loss of a pass-thru entity that is treated for purposes of that act as a gain or loss of any person holding an interest in that entity shall retain its character as qualified diversifying business capital gain or loss in the hands of that person.