There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 2D: Venture Capital Investments, 7-2D-1 through 7-2D-14
Section 7-2D-12: Pass-thru entities.
NM Stat § 7-2D-12 (1996 through 1st Sess 50th Legis) What's This?
7-2D-12. Pass-thru entities.
For purposes of the Venture Capital Investment Act, 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.
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