New Mexico Administrative Code
Title 3 - TAXATION
Chapter 5 - UNIFORM DIVISION OF INCOME FOR TAX PURPOSES
Part 16 - SALES FACTOR FOR APPORTIONMENT OF BUSINESS INCOME
Section 3.5.16.10 - SALES FACTOR - NUMERATOR
Universal Citation: 3 NM Admin Code 3.5.16.10
Current through Register Vol. 35, No. 18, September 24, 2024
The numerator of the sales factor shall include gross receipts attributable to this state and derived by the taxpayer from transactions and activity in the regular course of its trade or business. All interest income, service charges, carrying charges or time-price differential charges incidental to such gross receipts shall be included regardless of the place where the accounting records are maintained or the location of the contract or other evidence of indebtedness.
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