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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9A-7

Value of qualified equipment

Official textnmonesource.comlast amended

Prior to July 1, 2030, the value of qualified equipment shall be the adjusted basis established for the equipment under the applicable provisions of the Internal Revenue Code of 1986.

Amendment history

Laws 1979, ch. 347, § 7; 1983, ch. 206, § 5; 1990, ch. 3, § 5; 1991, ch. 159, § 5; 1991, ch. 162, § 5; 2001, ch. 57, § 3; 2001, ch. 337, § 3; 2009, ch. 147, § 2; 2020, ch. 80, § 8.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (13 sections)
  1. 7-9A-1 · Short title
  2. 7-9A-2 · Purpose of act
  3. 7-9A-2.1 · Repealed
  4. 7-9A-3 · Definitions
  5. 7-9A-4 · Administration of the act
  6. 7-9A-5 · Investment credit; amount; claimant
  7. 7-9A-6 · Qualified equipment
  8. 7-9A-7 · Value of qualified equipment
  9. 7-9A-7.1 · Employment requirements
  10. 7-9A-8 · Claiming the credit for certain taxes
  11. 7-9A-9 · Credit claim forms
  12. 7-9A-10 · Repealed
  13. 7-9A-11 · Transition provisions
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