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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-2A-7

Taxes applied to corporations on federal areas

Official textnmonesource.comlast amended

To the extent permitted by law, no corporation shall be relieved from liability for corporate income tax or corporate franchise tax by reason of receiving income from transactions occurring or work or services performed within a federal area.

Amendment history

1978 Comp., § 7-2A-7, enacted by Laws 1981, ch. 37, § 40; 1986, ch. 20, § 39.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-2A-1 · Short title
  2. 7-2A-2 · Definitions
  3. 7-2A-3 · Imposition and levy of taxes
  4. 7-2A-4 · Exemptions
  5. 7-2A-4.1 · Repealed
  6. 7-2A-5 · Corporate income tax rates
  7. 7-2A-5.1 · Corporate franchise tax amount
  8. 7-2A-6 · Tax computation; alternative method
  9. 7-2A-7 · Taxes applied to corporations on federal areas
  10. 7-2A-8 · Repealed
  11. 7-2A-8.1 · Repealed
  12. 7-2A-8.2 · Repealed
  13. 7-2A-8.3 · Combined and consolidated returns
  14. 7-2A-8.4 · Repealed
  15. 7-2A-8.5 · Repealed
  16. 7-2A-8.6 · 7-2A-8.6
  17. 7-2A-8.7 · Repealed
  18. 7-2A-8.8 · Repealed
  19. 7-2A-8.9 · Tax credit; certain conveyances of real property
  20. 7-2A-9 · Taxpayer returns; payment of tax
  21. 7-2A-9.1 · 7-2A-9.1
  22. 7-2A-9.2 · Limitation on claiming of credits and tax rebates
  23. 7-2A-10 · Information returns
  24. 7-2A-11 · Accounting methods
  25. 7-2A-12 · Fiscal years permitted
  26. 7-2A-13 · Administration
  27. 7-2A-14 · Repealed
  28. 7-2A-15 · Repealed
  29. 7-2A-16 · Intergovernmental business tax credit
  30. 7-2A-17 · Repealed
  31. 7-2A-17.1 · Repealed
  32. 7-2A-18 · Repealed
  33. 7-2A-19 · 7-2A-19
  34. 7-2A-19.1 · 7-2A-19.1
  35. 7-2A-19.2 · Clean car charging unit corporate income tax credit
  36. 7-2A-19.3 · 7-2A-19.3
  37. 7-2A-19.4 · Local journalist employment corporate income tax credit
  38. 7-2A-19.5 · Local news printer corporate income tax credit
  39. 7-2A-20 · Repealed
  40. 7-2A-21 · Repealed
Full table of contents →