The corporate franchise tax amount imposed on a corporation by Section 7-2A-3 NMSA 1978 shall be fifty dollars ($50.00) per taxable year or any fraction thereof.
§ 7-2A-5.1 NMSA 1978
Corporate franchise tax amount
Known as the Corporate Income and Franchise Tax Act
The act spans §§ 7–7 (52 sections).
Laws 1986, ch. 20, § 37; 1992, ch. 78, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.