NMSA 1978, § 7-2A-9.2 — Limitation on claiming of credits and tax rebates

A credit or tax rebate provided in the Corporate Income and Franchise 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 rebate was first claimable was initially due.