For the state of New Mexico and Colorado, I need the following questions answered please:

a) To what extent does New Mexico and Colorado follow the rulings of the Multistate Tax Commission?

b) Does New Mexico and Colorado adopt pertinent changes to the Internal Revenue Code? If so, as of what date?

c) Is the tax effectiveness of a passive investment company limited in some way? Has New Mexico and Colorado adopted the Geoffrey approach to the taxation of income from intangibles? Explain.

d) Does New Mexico and Colorado apply entity-level income taxes for S Corporations, partnerships, and LLCs? If so, what are the terms of those taxes?

Thank you.