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NMSA 1978, § 7-9F-5

Basic credit; additional credit; amounts; claimant

Official textNMSA 1978 Chapter 7 — Taxationnmonesource.comlast amended
Summarize

# A.

The basic credit provided for in the Technology Jobs and Research and
Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.

# B.

The additional credit provided for in the Technology Jobs and Research and
Development Tax Credit Act is an amount equal to five percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.

Amendment history

Laws 2000 (2nd S.S.), ch. 22, § 5; 2015 (1st S.S.), ch. 2, § 14.

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

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In this article (14 sections)
  1. 7-9F-1 · Short title
  2. 7-9F-2 · Purpose of act
  3. 7-9F-3 · Definitions
  4. 7-9F-4 · Administration of act
  5. 7-9F-5 · Basic credit; additional credit; amounts; claimant
  6. 7-9F-6 · Eligibility requirements
  7. 7-9F-7 · Repealed
  8. 7-9F-8 · Rural areas
  9. 7-9F-9 · Claiming the basic credit
  10. 7-9F-9.1 · Claiming the additional credit
  11. 7-9F-10 · Credit claim forms
  12. 7-9F-11 · Recapture
  13. 7-9F-12 · Repealed
  14. 7-9F-13 · Taxpayer reporting requirement
Full table of contents →