New Mexico Statutes

§ 7-9F-13 — Taxpayer reporting requirement

New Mexico § 7-9F-13
JurisdictionNew Mexico
Ch. 7Taxation
Art. 9FTechnology Jobs and Research and Development Tax

This text of New Mexico § 7-9F-13 (Taxpayer reporting requirement) 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. § 7-9F-13 (2026).

Text

A taxpayer claiming a credit pursuant to the Technology Jobs and Research and Development Tax Credit Act shall file reports with the department. The reports shall be submitted on or before June 30 of the year following a calendar year in which the taxpayer claims a basic or additional credit and by June 30 of each of the two succeeding years. The reports shall contain information describing the taxpayer's business operations in New Mexico that is sufficient for the department to enforce the recapture provision pursuant to Section 7-9F-11 NMSA 1978. If a taxpayer fails to submit a required report, the amount of any basic or additional credit claimed for that year shall be subject to the recapture provision.

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Legislative History

Laws 2015 (1st S.S.), ch. 2, § 18.

Nearby Sections

15
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Bluebook (online)
New Mexico § 7-9F-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9F-13.