3.5.16.11 NMAC

Section 11. Effect Of Combined Filing On The Sales Factor

Last amended: 2021Year: 2021Length: 44 wordsOfficial source
For corporations that file on a combined or consolidated basis, the sales factor for the filing group is calculated without the inclusion of intercompany sales that would otherwise be deferred or eliminated under federal consolidated filing rules when calculating net income for the group.
3.5.16.11 NMAC: Section 11. Effect Of Combined Filing On The Sales Factor | Justis AI