It is the purpose of the Investment Credit Act to provide a favorable tax climate for manufacturing businesses and to promote increased employment in New Mexico.
History: Laws 1979, ch. 347, § 2; 1983, ch. 206, § 1.
Structure 2021 New Mexico Statutes
Article 9A - Investment Credit
Section 7-9A-2 - Purpose of act.
Section 7-9A-2.1 - Legislative oversight.
Section 7-9A-4 - Administration of the act.
Section 7-9A-5 - Investment credit; amount; claimant.
Section 7-9A-6 - Qualified equipment.
Section 7-9A-7 - Value of qualified equipment.
Section 7-9A-7.1 - Employment requirements.
Section 7-9A-8 - Claiming the credit for certain taxes.