Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 2 - Income Tax General Provisions, 7-2-1 through 7-2-36. > Section 7-2-21.1 - Accounting methods.

Section 7-2-21.1 - Accounting methods.

7-2-21.1. Accounting methods.

A taxpayer shall use the same accounting methods for reporting income for New Mexico income tax purposes as are used in reporting income for federal income tax purposes.