NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9F-5
Basic credit; additional credit; amounts; claimant
Official textnmonesource.comlast amended
# 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)
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- 7-9F-7 · Repealed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- 7-9F-12 · Repealed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