Form Pit-B - New Mexico Allocation And Apportionment Of Income Schedule - 2003 Page 2
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2*30590300*
2003 PIT-B (page 2)
(Revised)
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE
YOUR SOCIAL SECURITY NUMBER
- - -
WORKSHEET FOR APPORTIONMENT OF BUSINESS AND FARM INCOME
See worksheet instructions for definitions relating to the apportionment factors below.
Column 1
Column 2
1.
PROPERTY FACTOR
New Mexico
Total Everywhere
a.
Average value of real and tangible
,
,
,
,
.
.
personal property owned or rented by
0 0
0 0
the taxpayer and used during tax period .. 1a
Column 3
Factor
.
b.
DIVIDE column 2 by column 1.
(Compute to 3 decimal places.) .......................................................................................................................................... 1b
2.
PAYROLL FACTOR
,
,
,
,
.
.
0 0
0 0
a.
Compensation paid by taxpayer ................ 2a
.
b.
DIVIDE column 2 by column 1.
(Compute to 3 decimal places.) .......................................................................................................................................... 2b
3.
SALES FACTOR
,
,
,
,
.
.
a.
Total sales other than items constituting
0 0
0 0
nonbusiness income .................................. 3a
.
b.
DIVIDE column 2 by column 1.
(Compute to 3 decimal places.) .......................................................................................................................................... 3b
.
4.
Total of lines 1b, 2b and 3b ........................................................................................................................................................... 4
.
5.
DIVIDE line 4 by the number of factors used and enter here.
(Compute to 3 decimal places.) .................................................................................................................................................... 5
MULTIPLY the amount on line 9, column 1 on page 1 of this schedule by the decimal amount on line 5 of this worksheet and
enter the result on line 9, column 2.
If you are a manufacturer who has elected to use the Section 7-4-10(B) method of apportionment,
enter the taxable year end for which the election was first effective
and see instructions for adjustments to lines 3b and 5.
month
year
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