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2014 New Mexico Statutes
Chapter 7 - Taxation
Section 4 Division of Income for Tax Purposes
Section 7-4-5 Allocation of certain nonbusiness income.

NM Stat § 7-4-5 (2014) What's This?
7-4-5. Allocation of certain nonbusiness income.
Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 6 through 9 [7-4-6 to 7-4-9 NMSA 1978] of the Uniform Division of Income for Tax Purposes Act.
History: 1953 Comp., 72-15A-20, enacted by Laws 1965, ch. 203, 5.

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