N.M. Code R. § 3.5.3.9 - APPLICATION OF SECTIONS 7-4-2 TO 7-4-19 NMSA 1978; COMBINED REPORT

If a particular trade or business is carried on by a taxpayer and one or more affiliated corporations, nothing in Sections 7-4-2 to 7-4-19 NMSA 1978 or in Title 3, Chapter 5 NMAC shall preclude the use of a "combined report" whereby the entire business income of such trade or business is apportioned in accordance with Sections 7-4-10 to 7-4-18 NMSA 1978.

Notes

N.M. Code R. § 3.5.3.9

1/15/74, 9/15/88, 9/20/93, 1/15/97; 3.5.3.9 NMAC - Rn & A, 3 NMAC 5.3.9, 6/29/01