Does intangible property such as franchises and licenses give a taxpayer nexus in New Mexico?

Section 7-9-3(J) NMSA 1978 specifically defines certain types of intangible property (licenses other than licenses of copyrights, trademarks or patents and franchises) as property. If the intangible property identified in Section 7-9-3(J) NMSA 1978 is sold or licensed to be used in New Mexico, the property is present in the state, and you have nexus with New Mexico.