Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 6 through 9 N.M. Stat. Ann. § 7-4-6 to 7-4-9 of the Uniform Division of Income for Tax Purposes Act.

Terms Used In New Mexico Statutes 7-4-5

  • Personal property: All property that is not real property.