NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-4-17
7-4-17
Determination of sales in this state of tangible personal property for inclusion in sales factor.
Sales of tangible personal property are in this state if:
# A.
the property is delivered or shipped to a purchaser other than the United States government within this state regardless of the f. o. b. point or other conditions of the sale; or
# B.
the property is shipped from an office, store, warehouse, factory or other place of storage in this state and:
# (1)
the purchaser is the United States government; or
# (2)
the taxpayer:
(a) is not taxable in the state of the purchaser; and
(b) did not make an election for apportionment of business income pursuant to Subsection B or C of Section 7-4-10 NMSA 1978.
Amendment history
1953 Comp., § 72-15A-32, enacted by Laws 1965, ch. 203, § 17; 2013, ch. 160, § 8; 2015 (1st S.S.), ch. 2, § 7.
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