us-nm/stat
NMSA 1978, § 7-2A-9 — Taxpayer returns; payment of tax
A.
Every corporation deriving income from any business transaction, property or
employment within this state, that is not exempt from tax under the Corporate Income
and Franchise Tax Act and that is required by the laws of the United States to file a
federal income tax return shall file a complete tax return with the department in form and
content as prescribed by the secretary. A corporation that is required by the provisions
of the Corporate Income and Franchise Tax Act to file a return or pay a tax shall, on or
before the due date of the corporation's federal corporate income tax return for the
taxable year, file the return and pay the tax imposed for that year.
B.
Every domestic or foreign corporation that is not exempt from tax under the
Corporate Income and Franchise Tax Act, that is employed or engaged in the
transaction of business in, into or from this state or that derives any income from
property or employment within this state and every domestic or foreign corporation,
regardless of whether it is engaged in active business, that has or exercises its
corporate franchise in this state and that is not exempt from tax under the Corporate
Income and Franchise Tax Act shall file a return in the form and content as prescribed
by the secretary and pay the tax levied pursuant to Subsection B of Section 7-2A-3
NMSA 1978 in the amount for each corporation as specified in Section 7-2A-5.1 NMSA
1978. Returns and payment of tax for corporate franchise tax for a taxable year shall be
filed and paid on the date specified in Subsection A of this section for payment of
corporate income tax for the preceding taxable year.
Source: official text