Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-4-4

When taxable in another state

Official textnmonesource.comlast amended

For purposes of allocation and apportionment of income under the Uniform Division of Income for Tax Purposes Act, a taxpayer is taxable in another state if:

# A.

in that state he is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax; or

# B.

that state has jurisdiction to subject the taxpayer to a net income tax, regardless of whether the state does or does not.

Amendment history

1953 Comp., § 72-15A-19, enacted by Laws 1965, ch. 203, § 4.

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
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
Full table of contents →