{"id":6700,"date":"2006-05-01T12:41:05","date_gmt":"2006-05-01T18:41:05","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/?p=6700"},"modified":"2020-12-22T10:46:19","modified_gmt":"2020-12-22T17:46:19","slug":"wal-mart-stores-inc","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2006\/05\/01\/wal-mart-stores-inc\/","title":{"rendered":"Wal-Mart Stores, Inc."},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.7.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div class=\"blogDateTitleContainer\">\n<div class=\"blogDateTitle\">05\/01\/2006<\/div>\n<\/div>\n<div class=\"blogItem\">\n<p><a href=\"https:\/\/realfile.tax.newmexico.gov\/06-07__wal-mart.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">06-07<\/a><\/p>\n<p>In 1991, Wal-Mart transferred its trademarks and tradenames to WMR, Inc., a wholly-owned subsidiary with its principal place of business in Delaware. \u00a0WMR then granted Wal-Mart a license to use the trademarks at its retail stores within the United States in return for a royalty equal to a percentage of the sales at each store. \u00a0WMR, which had no real or personal property and no employees located outside of Delaware, did not register to pay tax in New Mexico. \u00a0In 1998, the Department assessed WMR for gross receipts tax and corporate income tax on the royalties WMR received from Wal-Mart\u2019s use of WMR\u2019s trademarks in New Mexico. \u00a0WMR protested, arguing (1) that it did not have nexus with New Mexico and (2) that it was not subject to tax under New Mexico\u2019s tax statutes. \u00a0In December 2005, the New Mexico Supreme Court issued a decision in Kmart Corporation v. Taxation and Revenue Department, 2006-NMSC-006, which addressed the same issues raised by WMR and effectively determined (1) that WMR had nexus with New Mexico and (2) that WMR was not subject to New Mexico gross receipts tax. \u00a0The issue remaining for decision was whether WMR was liable for corporate income tax under the provisions of New Mexico\u2019s Uniform Division of Income for Tax Purposes Act (UDITPA). \u00a0Held: \u00a0WMR had both business activity and income-producing activity in New Mexico; the apportionment factor resulting from UDITPA\u2019s standard three-factor formula did not fairly represent WMR\u2019s business activity in New Mexico, justifying the use of an alternative formula under NMSA 1978, \u00a7 7-4-19; the Department\u2019 use of a one-factor apportionment formula using WMR\u2019s sales factor was reasonable; and the Department was not required to engage in prospective rulemaking before apply its alternative formula. \u00a0Protest denied. \u00a0<\/p>\n<\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.6.6&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p><a href=\"\/all-nm-taxes\/tax-decisions-orders\/\">Back to Tax Decisions &amp; Orders<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>05\/01\/2006 06-07 In 1991, Wal-Mart transferred its trademarks and tradenames to WMR, Inc., a wholly-owned subsidiary with its principal place of business in Delaware. \u00a0WMR then granted Wal-Mart a license to use the trademarks at its retail stores within the United States in return for a royalty equal to a percentage of the sales at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[43],"tags":[66],"class_list":["post-6700","post","type-post","status-publish","format-standard","hentry","category-tax-decisions-orders","tag-66"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wal-Mart Stores, Inc. : All NM Taxes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2006\/05\/01\/wal-mart-stores-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wal-Mart Stores, 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