N.M. Stat. § 7-4-5

§ 7-4-5. Allocation of certain nonbusiness income

Year: 2026Length: 47 words
Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 6 through 9 of the Uniform Division of Income for Tax Purposes Act .
N.M. Stat. § 7-4-5: § 7-4-5. Allocation of certain nonbusiness income | Justis AI