Section 9. Previous Taxable Year Defined

For purposes of Section 7-2A-9 NMSA 1978 the term “previous taxable year” shall not mean any period of time less than a full twelve month or 52/53 week year for calendar or fiscal year filers. [11/18/86, 9/16/88, 7/15/96; 3.4.9.9 NMAC - Rn & A, 3 NMAC 4.9.9, 12/14/00] 3.4.9.10 [RESERVED] [1/15/98; 3.4.9.10 NMAC - Rn, 3 NMAC 4.9.10, 12/14/00; Repealed, 9/15/08] 3.4.9.11 ESTIMATED TAX; APPLICATION TO FRACTIONAL YEARS: Unless the secretary prescribes instructions requiring estimated payments with respect to fractional years, Section 7-2A-9.1 NMSA 1978 does not apply to fractional years.