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NM
Investment Tax Credit for Manufacturers
State tax credit allowing qualifying New Mexico manufacturers to claim credit based on the value of qualified manufacturing equipment when employment requirements are met.
About this program
Visit the program website for full details.
Eligibility
Eligible claimants are taxpayers carrying on manufacturing operations in New Mexico that purchase or introduce qualified manufacturing equipment and meet the required employment conditions tied to equipment investment.
Requirements
- Carry on a manufacturing operation in New Mexico
- Purchase or introduce qualified equipment used directly and exclusively in manufacturing
- Meet employment requirements based on the amount of qualified equipment investment