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Does intangible property such as franchises and licenses give a taxpayer nexus in New Mexico?

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Does intangible property such as franchises and licenses give a taxpayer nexus in New Mexico?

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Section 7-9-3(J) NMSA 1978 specifically defines intangible property as property. If it is sold or licensed to be used in New Mexico, the property is present in the state, and you have nexus with New Mexico.

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