The amount of the basic and additional credit for which a taxpayer is otherwise eligible shall be doubled if the qualified expenditures were incurred with respect to a qualified facility in a rural area.
History: Laws 2000 (2nd S.S.), ch. 22, § 8.
Effective dates. — Laws 2000 (2nd S.S.), ch. 22 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective July 3, 2000, 90 days after the adjournment of the legislature.
Structure 2021 New Mexico Statutes
Article 9F - Technology Jobs and Research and Development Tax Credit
Section 7-9F-2 - Purpose of act.
Section 7-9F-4 - Administration of act.
Section 7-9F-5 - Basic credit; additional credit; amounts; claimant.
Section 7-9F-6 - Eligibility requirements.
Section 7-9F-9 - Claiming the basic credit.
Section 7-9F-9.1 - Claiming the additional credit.
Section 7-9F-10 - Credit claim forms.