There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 7 - Taxation
Section 4 Division of Income for Tax Purposes
Section 7-4-17 Determination of sales in this state of tangible personal property for inclusion in sales factor.
NM Stat § 7-4-17 (2014) What's This?
7-4-17. Determination of sales in this state of tangible personal property for inclusion in sales factor.
Sales of tangible personal property are in this state if:
A. the property is delivered or shipped to a purchaser other than the United States government within this state regardless of the f. o. b. point or other conditions of the sale; or
B. the property is shipped from an office, store, warehouse, factory or other place of storage in this state and:
(1) the purchaser is the United States government; or
(2) the taxpayer:
(a) is not taxable in the state of the purchaser; and
(b) did not make an election for apportionment of business income pursuant to Subsection B of Section 7-4-10 NMSA 1978.
History: 1953 Comp., 72-15A-32, enacted by Laws 1965, ch. 203, 17; 2013, ch. 160, 8.
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