New Mexico Administrative Code
Title 11 - LABOR AND WORKERS' COMPENSATION
Chapter 3 - EMPLOYMENT SECURITY
Part 400 - TAX ADMINISTRATION
Section 11.3.400.423 - PARTNERSHIPS
Universal Citation: 11 NM Admin Code 11.3.400.423
Current through Register Vol. 35, No. 6, March 26, 2024
A separate employer account number and experience rating shall be assigned to each partnership of a group of two or more partnerships composed of identical partners with identical interests, if all of the following conditions are met:
A. each separate partnership joins in a request that individual reporting is appropriate;
B. a separate written partnership agreement exists for each partnership;
C. the accounting records for each partnership are separately maintained; and
D. there is no commingling of the employment of the two or more partnerships.
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