N.M. Admin. Code § 3.4.1.13 - FOREIGN SOURCE DIVIDENDS AFTER JANUARY 1, 2020
For tax years beginning on or after January 1, 2020, "base income" under Section 7-2A-2 NMSA 1978 includes special deductions allowed under the Internal Revenue Code Sections 241 through 249 including the deduction for foreign source dividends under Section 245A.
Notes
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