There Is a Newer Version
of
the New Mexico Statutes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 7-4-18: Determination of sales in this state of other than tangible personal property for inclusion in sales factor.
Universal Citation:
NM Stat § 7-4-18 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
7-4-18. Determination of sales in this state of other than tangible personal property for inclusion in sales factor.
Sales, other than sales of tangible personal property, are in this state if:
A. the income-producing activity is performed in this state; or
B. the income-producing activity is performed both in and outside this state and a greater proportion of the income-producing activity is performed in this state than in any other state, based on costs of performance.
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