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2018 New Mexico Statutes
Chapter 7 - Taxation
Article 4 - Division of Income for Tax Purposes
Section 7-4-16 - Sales factor for apportionment of business income.
Universal Citation: NM Stat § 7-4-16 (2018)
7-4-16. Sales factor for apportionment of business income.
The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax period, and the denominator of which is the total sales of the taxpayer everywhere during the tax period.
History: 1953 Comp., § 72-15A-31, enacted by Laws 1965, ch. 203, § 16.
Effective dates. — Laws 1965, ch. 203, § 22 made Laws 1965, ch. 203, § 16 effective January 1, 1966.
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