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2025 New Mexico Statutes
Chapter 7 - Taxation
Article 2 - Income Tax General Provisions
Section 7-2-9 - Tax computation; alternative method.
Universal Citation:
NM Stat § 7-2-9 (2025)
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For those taxpayers who do not compute an amount upon which the federal income tax is calculated or who do not compute their federal income tax payable for the taxable year, the secretary shall prescribe such regulations or instructions as the secretary may deem necessary to enable them to compute their state income tax due.
History: 1953 Comp., § 72-15A-7, enacted by Laws 1965, ch. 202, § 7; 1981, ch. 37, § 19; 1990, ch. 49, § 4.
ANNOTATIONSThe 1990 amendment, effective May 16, 1990, substituted "secretary shall" and "the secretary may deem" for "director shall" and "he may deem".
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