NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9F-13
Taxpayer reporting requirement
A taxpayer claiming a credit pursuant to the Technology Jobs and Research and
Development Tax Credit Act shall file reports with the department. The reports shall be submitted on or before June 30 of the year following a calendar year in which the taxpayer claims a basic or additional credit and by June 30 of each of the two succeeding years. The reports shall contain information describing the taxpayer's business operations in New Mexico that is sufficient for the department to enforce the recapture provision pursuant to Section 7-9F-11 NMSA 1978. If a taxpayer fails to submit a required report, the amount of any basic or additional credit claimed for that year shall be subject to the recapture provision.
Amendment history
Laws 2015 (1st S.S.), ch. 2, § 18.
Source: official source (NMSA chapter on nmonesource.com)
In this article (14 sections)
- 7-9F-1 · Short title
- 7-9F-2 · Purpose of act
- 7-9F-3 · Definitions
- 7-9F-4 · Administration of act
- 7-9F-5 · Basic credit; additional credit; amounts; claimant
- 7-9F-6 · Eligibility requirements
- 7-9F-7 · Repealed
- 7-9F-8 · Rural areas
- 7-9F-9 · Claiming the basic credit
- 7-9F-9.1 · Claiming the additional credit
- 7-9F-10 · Credit claim forms
- 7-9F-11 · Recapture
- 7-9F-12 · Repealed
- 7-9F-13 · Taxpayer reporting requirement