State extends application period for $15 million in 2025

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The document is the 2023 New Mexico Allocation and Apportionment of Income Schedule (PIT-B), which taxpayers must complete to report income allocated from both within and outside New Mexico. It includes sections for nonbusiness income, business and farm income apportionment, and specific instructions for residents, part-year residents, and military personnel. Taxpayers are required to calculate their total income, adjustments, and applicable tax rates based on their residency status.

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State extends application period for $15 million in 2025

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