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Section 7-9-3(J) NMSA 1978 specifically defines certain types of intangible property (licenses other than... Read More


If an entity receives royalties for the license to use a franchise in New Mexico, the royalties are subject to... Read More


Trucking companies that meet the de minimis nexus standard must file the appropriate tax returns with New Mexi... Read More


Representational nexus is created when a third party provides in-state services that exceed mere solicitation ... Read More


A corporation exercises its corporate franchise when it seeks to be treated or acts as a legal entity or perso... Read More


If the taxpayer has nexus with New Mexico, but the sales transaction is not subject to gross receipts tax, the... Read More


In New Mexico, "engaging in business" means carrying on or causing to be carried on any activity wit... Read More


Federal P.L. 86-272 does not provide immunity from the corporate franchise tax. New Mexico’s corporate f... Read More


De minimis activities are those that, when taken together, establish only a trivial connection with the taxing... Read More


As defined by New Mexico law, "buying means the transfer of property for consideration or any performance... Read More


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