us-nm/stat
NMSA 1978, § 7-9F-5 — Basic credit; additional credit; amounts; claimant
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.
Source: official text