NMSA 1978, § 7-9E-5 — Eligibility requirements

A national laboratory is eligible for a tax credit in an amount equal to qualified
expenditures if:

# A.

the small business assistance is rendered to a small business located in New
Mexico;

# B.

the small business assistance is completed;

# C.

the small business certifies to the national laboratory that the small business
assistance provided is not otherwise available to the small business at a reasonable
cost through private industry;

# D.

the national laboratory provides written notice to each small business to which
the laboratory or a contractor of the laboratory is providing small business assistance
that the small business is entitled to license intangible property developed from the
small business assistance or can obtain ownership of tangible or intangible property
developed from the small business assistance;

# E.

the national laboratory requires small businesses to which it is providing small
business assistance to acknowledge only after the small business assistance is
completed that the small business assistance has been rendered; and

# F.

the national laboratory provides forms for small business requests and for
completion of small business assistance that are in accordance with the Laboratory
Partnership with Small Business Tax Credit Act and other applicable state and federal
laws.