N.M. Stat. § 7-2-21.1

Current through 2024, ch. 69

Section 7-2-21.1 - Accounting methods

A taxpayer shall use the same accounting methods for reporting income for New Mexico income tax purposes as are used in reporting income for federal income tax purposes.

NMS § 7-2-21.1

1978 Comp., § 7-2-21.1, enacted by Laws 1981, ch. 37, § 32.