New Mexico § 7-9E-6 Administration by the national laboratory

New Mexico Statutes

§ 7-9E-6 — Administration by the national laboratory

New Mexico § 7-9E-6

Ch. 7Taxation

Art. 9ELaboratory Partnership with Small Business Tax

This text of New Mexico § 7-9E-6 (Administration by the national laboratory) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-9E-6 (2026).

Text

To qualify for tax credits pursuant to the Laboratory Partnership with Small Business Tax Credit Act, a national laboratory shall: A. establish a small business assistance program; B. establish a revolving fund with initial funding from a source other than tax credits. Money from the revolving fund shall be used to pay for qualified expenditures, and the fund shall be replenished with an amount equal to the tax credits taken pursuant to the Laboratory Partnership with Small Business Tax Credit Act; C. consult with the secretary of economic development to seek advice on improvements in the operation of the small business assistance program; and D. establish a methodology to utilize contractors who have demonstrated the capability to provide small business assistance.

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To qualify for tax credits pursuant to the Laboratory Partnership with Small Business Tax Credit Act, a national laboratory shall: A. establish a small business assistance program; B. establish a revolving fund with initial funding from a source other than tax credits. Money from the revolving fund shall be used to pay for qualified expenditures, and the fund shall be replenished with an amount equal to the tax credits taken pursuant to the Laboratory Partnership with Small Business Tax Credit Act; C. consult with the secretary of economic development to seek advice on improvements in the operation of the small business assistance program; and D. establish a methodology to utilize contractors who have demonstrated the capability to provide small business assistance.