us-nm/stat
NMSA 1978, § 7-2-12.1 — Limitation on claiming of credits and tax rebates
A.
Except as provided otherwise in this section, a credit or tax rebate provided in the
Income Tax Act that is claimed shall be disallowed if the claim for the credit or tax
rebate was first made after the end of the third calendar year following the calendar year
in which the return upon which the credit or tax rebate was first claimable was initially
due.
B.
Subsection A of this section does not apply to the credit authorized by Section 7-
2-13 NMSA 1978 for income taxes paid another state.
Source: official text