New Mexico Administrative Code

A. An applicant who plans to apply for a land conservation incentives tax credit shall apply for an assessment by the energy, minerals and natural resources department of the donation the applicant made or proposes to make for a conservation or preservation purpose of a fee inter…

Energy, Minerals and Natural Resources Department.

A. The department considers certificate of eligibility applications in the order received, according to the day they are received, but not the time of day. B. The department reviews the application package to calculate the biodiesel blending facility tax credit, check accuracy of…

A. Upon receipt of a certificate of eligibility from the department, the taxpayer shall submit a completed form RPD-41339, biodiesel blending facility tax credit approval request form,to the taxation and revenue department. The taxpayer shall attach the certificate of eligibility…

3.13.21 NMAC applies to the application and certification procedures for administration of the biodiesel blending facility tax credit for rack operations.

3.13.21 NMAC is established under the authority of NMSA 1978, Section 7-9-79.2 and NMSA 1978, Section 9-1-5.

Permanent.

October 31, 2007, unless a later date is cited at the end of a section.

3.13.21 NMAC's objective is to establish procedures for administering the program to issue a certificate of eligibility for the biodiesel blending facility tax credit for rack operators.

A. "Annual cap" means the annual aggregate amount of the biodiesel blending facility tax credit available to taxpayers. B. "Applicant" means a taxpayer that installs biodiesel blending equipment for the purpose of establishing or expanding a biodiesel blending facility and that d…

A. Only a taxpayer who on or after July 1, 2007 installs biodiesel blending equipment in New Mexico for the purpose of establishing or expanding a biodiesel blending facility may receive a certificate of eligibility for a biodiesel blending facility tax credit. B. The biodiesel b…

A. An applicant may obtain a certificate of eligibility application form from the department. B. An application package shall include a completed certificate of eligibility application form and attachments as specified on the certificate of eligibility application form. The appli…

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

(Reserved.)

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

A. If the population of a municipality within the rural area is 15,000 or fewer according to the 1990 decennial census but greater than 15,000 according to the 2000 decennial census, (1) credits based on a location that changes from a tier one area to a tier two area as a result …

This part applies to all employers subject to the gross receipts, compensating, withholding or corporate income tax and approved for in-plant training assistance by the economic development department.

Section 9-11-6.2 NMSA 1978.

Permanent.

2/14/00, unless a later date is cited at the end of a section, in which case the later date is the effective date.

The objective of this part is to interpret, exemplify, implement and enforce the provisions of Sections 7-2E-1 and 7-2E-2 NMSA 1978.

[Reserved.]

The credit allowed by Section 7-2E-1 NMSA 1978 may not be applied against any local option gross receipts tax imposed by a county or municipality.

A. Any amount of rural job tax credit claimed and approved may be applied by the claimant only against the claimant's modified combined tax liability, as that term is defined in Section 7-2E-1 NMSA 1978, and personal or corporate income tax owed by the claimant. If any amount of …

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

A. A taxpayer claiming the additional credit must compute annual payroll expense for the period specified in the application and must compute base payroll expense as of a date one year prior to the annual payroll date. B. Because complete payroll data to calculate "annual payroll…

If a taxpayer claims any amount of research and development small business tax credit with respect to a reporting period, the taxpayer may not claim any amount of technology jobs tax credit with respect to that same period. If for the same reporting period an amount of technology…

This part applies to persons conducting qualified research at a qualified facility in New Mexico.

Section 9-11-6.2 NMSA 1978.

Permanent.

10/31/05, unless a later date is cited at the end of a section, in which case the later date is the effective date.

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Technology Jobs Tax Credit Act.

[Reserved.]

A. In calculating the annual payroll expense and base payroll expense for purposes of determining eligibility for the additional credit under Subsection B of Section 7-9F-6 NMSA 1978, a taxpayer may include total wages paid to all employees at a qualified New Mexico facility. "Wa…

A. A taxpayer must file its application for approval of a credit within one year of the end of the calendar year in which the qualified expenditures were made. B. Example: Taxpayer X makes qualified expenditures from January 1 through October 30, 2005. X must submit its applicati…

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

This part applies to persons conducting qualified research at a qualified facility in New Mexico.

Section 9-11-6.2 NMSA 1978.

Permanent.

5/15/07, unless a later date is cited at the end of a section, in which case the later date is the effective date.

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Research and Development Small Business Tax Credit Act.

Reserved.