Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 4 - Division of Income for Tax Purposes, 7-4-1 through 7-4-21. > Section 7-4-3 - Allocation and apportionment of income in general.

Section 7-4-3 - Allocation and apportionment of income in general.

7-4-3. Allocation and apportionment of income in general.

Except as otherwise provided by law any taxpayer having income which is taxable both within and without this state, other than the rendering of purely personal services by an individual shall allocate and apportion his net income as provided in the Uniform Division of Income for Tax Purposes Act.