1. All NM Taxes
  2. Frequently Asked Questions
  3. My business bought computers and other pieces of office equipment on January 2 of this year. Are they subject to tax this year?

My business bought computers and other pieces of office equipment on January 2 of this year. Are they subject to tax this year?

No. January 1 of the tax year is the “taxable situs” date. The assets should be reported the following year. “Situs” means the property is “…physically present in the state on the date when it is required to be valued for property taxation purposes…”