New Mexico Administrative Code
Title 3 - TAXATION
Chapter 15 - FRANCHISE TAXES
Part 100 - STATE FRANCHISE TAXES
Section 3.15.100.9 - APPLICATION OF FRANCHISE TAX TO MEMBER OF A COMBINED OR CONSOLIDATED GROUP
Universal Citation: 3 NM Admin Code 3.15.100.9
Current through Register Vol. 35, No. 18, September 24, 2024
Each member of a combined group of unitary corporations and each member of a consolidated group of corporations shall be subject individually to the franchise tax imposed by Section 7-2A-5.1 NMSA 1978 even though a combined or consolidated state corporate income tax return is filed by the combined or consolidated group.
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