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New Mexico Taxation and Revenue Department

Administers New Mexico tax programs, including incentives that support business investment and economic development.

United Stateswww.tax.newmexico.gov
Key stats
Annual funding—
Programs7
Active grants5
Total grants7
About

New Mexico Taxation and Revenue Department is New Mexico's state tax authority, not a discretionary grant maker. It administers more than 35 tax programs and distributes revenue to state, local, and tribal governments. As a cabinet-level department, it is the public entry point for statutory tax credits tied to income, corporate, and gross receipts filings.

Its business-credit portfolio includes …

Programs & grants under this funder
NM Angel Investment Tax Credit

Administers The NM Angel Investment Tax Credit sits the New Mexico Taxation Revenue Department built make private.

1 grant
NM Angel Investment Tax Credit
Open
$2M pool·Rolling submission
NM High Wage Jobs Tax Credit

Administers tax credits rewarding New Mexico employers creating qualifying jobs above state wage thresholds.

1 grant
NM High Wage Jobs Tax Credit
Between cycles
— pool
NM Laboratory Partnership with Small Business Tax Credit

Connects Free technical innovation technical assistance Sandia Los Alamos national labs qualifying NM small businesses credit accrues.

1 grant
NM Laboratory Partnership with Small Business Tax Credit
Open
— pool·Rolling submission
NM Manufacturing Investment Tax Credit

Funds The New Mexico Manufacturing Investment Tax Credit also called the Investment Credit sits the New Mexico.

1 grant
NM Manufacturing Investment Tax Credit
Open
— pool·Rolling submission
NM Technology Jobs and Research & Development Tax Credit

Funds New Mexico innovation tax incentives tied to high-value technology jobs.

1 grant
NM Technology Jobs and Research & Development Tax Credit
Between cycles
— pool
NM Rural Job Tax Credit

Backs The NM Rural Job Tax Credit sits the New Mexico Taxation Revenue Department rewards employers that.

1 grant
NM Rural Job Tax Credit
Open
— pool·Rolling submission
NM Sustainable Building Tax Credit

Provides transferable tax credits for green-certified buildings in New Mexico through LEED and Build Green certifications.

1 grant
NM Sustainable Building Tax Credit
Open
— pool·Rolling submission
Last verified: 29 May 2026Source: www.tax.newmexico.gov