N.M. Admin. Code § 3.5.16.11

Current through Register Vol. 35, No. 17, September 10, 2024

Section 3.5.16.11 - EFFECT OF COMBINED FILING ON THE SALES FACTOR

For corporations that file on a combined or consolidated basis, the sales factor for the filing group is calculated without the inclusion of intercompany sales that would otherwise be deferred or eliminated under federal consolidated filing rules when calculating net income for the group

Adopted by New Mexico Register, Volume XXXII, Issue 06, March 23, 2021, eff. 3/23/2021