New Mexico § 7-9E-7 Tax credits; amounts

New Mexico Statutes

§ 7-9E-7 — Tax credits; amounts

New Mexico § 7-9E-7

Ch. 7Taxation

Art. 9ELaboratory Partnership with Small Business Tax

This text of New Mexico § 7-9E-7 (Tax credits; amounts) 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-7 (2026).

Text

A tax credit provided pursuant to the Laboratory Partnership with Small Business Tax Credit Act shall be in an amount equal to the qualified expenditure incurred by the national laboratory to provide small business assistance to a specific small business, not to exceed twenty thousand dollars ($20,000) for each small business for which small business assistance is rendered in a calendar year or forty thousand dollars ($40,000) if the small business assistance was provided to a small business located in a rural area.

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A tax credit provided pursuant to the Laboratory Partnership with Small Business Tax Credit Act shall be in an amount equal to the qualified expenditure incurred by the national laboratory to provide small business assistance to a specific small business, not to exceed twenty thousand dollars ($20,000) for each small business for which small business assistance is rendered in a calendar year or forty thousand dollars ($40,000) if the small business assistance was provided to a small business located in a rural area.