The Venture Capital Investment Act shall be administered pursuant to the provisions of the Tax Administration Act [Chapter 7, Article 1 NMSA 1978].
History: Laws 1993, ch. 313, § 14.
Effective dates. — Laws 1993, ch. 313 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 18, 1993, 90 days after the adjournment of the legislature.
Compiler's notes. — Laws 1993, ch. 313, § 17 provided that if any part or application of the act is held invalid, the entire act shall be deemed invalid and shall cease to apply and the credit shall not be extended to any taxpayer.
Structure New Mexico Statutes
Article 2D - Venture Capital Investments
Section 7-2D-4 - Additional definition; qualified diversifying business stock.
Section 7-2D-5 - Additional definition; qualified diversifying business.
Section 7-2D-6 - Additional definition; active manufacturing business.
Section 7-2D-7 - Additional definition; New Mexico business.
Section 7-2D-8 - Additional definition; successful business.
Section 7-2D-8.1 - Tax credit.
Section 7-2D-9 - Special rules for options, warrants and certain convertible investments.
Section 7-2D-10 - Certain tax-free and other transfers.
Section 7-2D-11 - Stock exchanged for property.