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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-4-12

Valuation of property for inclusion in property factor

Official textnmonesource.comlast amended

Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rate is the annual rental paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.

Amendment history

1953 Comp., § 72-15A-27, enacted by Laws 1965, ch. 203, § 12.

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

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In this article (21 sections)
  1. 7-4-1 · Short title
  2. 7-4-2 · Definitions
  3. 7-4-3 · Allocation and apportionment of income in general
  4. 7-4-4 · When taxable in another state
  5. 7-4-5 · Allocation of certain nonbusiness income
  6. 7-4-6 · Allocation of rents and royalties
  7. 7-4-7 · Allocation of capital gains and losses
  8. 7-4-8 · Allocation of interest and dividends
  9. 7-4-9 · Allocation of patent and copyright royalties
  10. 7-4-10 · Apportionment of business income
  11. 7-4-11 · Property factor for apportionment of business income
  12. 7-4-12 · Valuation of property for inclusion in property factor
  13. 7-4-13 · 7-4-13
  14. 7-4-14 · Payroll factor for apportionment of business income
  15. 7-4-15 · 7-4-15
  16. 7-4-16 · Sales factor for apportionment of business income
  17. 7-4-17 · 7-4-17
  18. 7-4-18 · 7-4-18
  19. 7-4-19 · 7-4-19
  20. 7-4-20 · Agreements authorized in unusual cases
  21. 7-4-21 · Construction of act
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