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2014 New Mexico Statutes
Chapter 7 - Taxation
Section 4 Division of Income for Tax Purposes
Section 7-4-11 Property factor for apportionment of business income.

NM Stat § 7-4-11 (2014) What's This?
7-4-11. Property factor for apportionment of business income.
The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
History: 1953 Comp., 72-15A-26, enacted by Laws 1965, ch. 203, 11.

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