NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-4-14
Payroll factor for apportionment of business income
Official textnmonesource.comlast amended
The payroll factor is a fraction, the numerator of which is the total amount paid in this state during the tax period by the taxpayer for compensation, and the denominator of which is the total compensation paid everywhere during the tax period.
Amendment history
1953 Comp., § 72-15A-29, enacted by Laws 1965, ch. 203, § 14.
Source: official source (NMSA chapter on nmonesource.com)
In this article (21 sections)
- 7-4-1 · Short title
- 7-4-2 · Definitions
- 7-4-3 · Allocation and apportionment of income in general
- 7-4-4 · When taxable in another state
- 7-4-5 · Allocation of certain nonbusiness income
- 7-4-6 · Allocation of rents and royalties
- 7-4-7 · Allocation of capital gains and losses
- 7-4-8 · Allocation of interest and dividends
- 7-4-9 · Allocation of patent and copyright royalties
- 7-4-10 · Apportionment of business income
- 7-4-11 · Property factor for apportionment of business income
- 7-4-12 · Valuation of property for inclusion in property factor
- 7-4-13 · 7-4-13
- 7-4-14 · Payroll factor for apportionment of business income
- 7-4-15 · 7-4-15
- 7-4-16 · Sales factor for apportionment of business income
- 7-4-17 · 7-4-17
- 7-4-18 · 7-4-18
- 7-4-19 · 7-4-19
- 7-4-20 · Agreements authorized in unusual cases
- 7-4-21 · Construction of act