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New Mexico Administrative Code

Chapter 5

Uniform Division of Income for Tax Purposes

State of New Mexico

1General Provisions 3Allocation and Apportionment of Income in General 4When Taxable in Another State 5Allocation of Certain Nonbusiness Income 10Apportionment of Business Income 11Property Factor for Apportionment of Business Income 12Valuation of Property for Inclusion in Property Factor 13Determination of Average Value of Property for Inclusion in Property Factor 14Payroll Factor for Apportionment of Business Income 15Determination of Compensation for Inclusion in Payroll Factor 16Sales Factor for Apportionment of Business Income 17Determination of Sales in This State of Tangible Personal Property for Inclusion in Sales Factor 18Determination of Sales in This State of Other Than Tangible 19Equitable Adjustment of Standard Allocation or Apportionment 21Construction of Act