New Mexico § 7-9F-5 Basic credit; additional credit; amounts; claimant

New Mexico Statutes

§ 7-9F-5 — Basic credit; additional credit; amounts; claimant

New Mexico § 7-9F-5

Ch. 7Taxation

Art. 9FTechnology Jobs and Research and Development Tax

This text of New Mexico § 7-9F-5 (Basic credit; additional credit; amounts; claimant) 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-5 (2026).

Text

A.The basic credit provided for in the Technology Jobs and Research and Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.

B.The additional credit provided for in the Technology Jobs and Research and Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.

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A. The basic credit provided for in the Technology Jobs and Research and Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility. B. The additional credit provided for in the Technology Jobs and Research and Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.