Show Subnavigation

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.

back to list
View Our Most Popular Pages & Services
Latest News:
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us