The department is charged with the administration of the Investment Credit Act.
History: Laws 1979, ch. 347, § 4; 1991, ch. 159, § 3; 1991, ch. 162, § 3.
The 1991 amendment, effective June 14, 1991, substituted "department" for "division". Laws 1991, ch. 159, § 3 enacted identical amendments to this section. The section was set out as amended by Laws 1991, ch. 162, § 3. See 12-1-8 NMSA 1978.
Structure 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.