New Mexico Statutes 7-4-17. Determination of sales in this state of tangible personal property for inclusion in sales factor
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Sales of tangible personal property are in this state if:
Terms Used In New Mexico Statutes 7-4-17
- Personal property: All property that is not real property.
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 N.M. Stat. Ann..