Section 7-9G-1 – High-wage jobs tax credit; qualifying high-wage jobs.

A. A taxpayer that is an eligible employer may apply for, and the department may allow, a tax credit for each new high-wage job. The credit provided in this section may be referred to as the “high-wage jobs tax credit”. B. The purpose of the high-wage jobs tax credit is to provide an incentive for […]

Section 7-9G-2 – Advanced energy combined reporting tax credit; gross receipts tax; compensating tax; withholding tax.

A. Except as otherwise provided in this section, a taxpayer that holds an interest in a qualified generating facility located in New Mexico may claim a credit to be computed pursuant to the provisions of this section. The credit provided by this section may be referred to as the “advanced energy combined reporting tax credit”. […]