New Mexico Statutes Chapter 7. Taxation § 7-5-2. Election of alternative tax

A. who is required by the Income Tax Act  1 or the Corporate Income and Franchise Tax Act  2 to file a return;

B. whose only activities in New Mexico consist of making sales;

C. who does not own or rent real estate within the state of New Mexico; and

D. whose annual gross sales in or into New Mexico amount to not more than one hundred thousand dollars ($100,000)