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 .