There is a newer version of the New Mexico Statutes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 7-4-18 Determination of sales in this state of other than tangible personal property for inclusion in sales factor.
NM Stat § 7-4-18 (2014) What's This?
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.
History: 1953 Comp., 72-15A-33, enacted by Laws 1965, ch. 203, 18.
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