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NM Angel Investment Tax Credit

NM Angel Investment Tax Credit

Provides tax credits for accredited New Mexico investors making qualifying equity investments in local research or manufacturing firms.

OpenNew Mexico Taxation and Revenue DepartmentUnited StatesEligible in New Mexico
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About

The New Mexico Angel Investment Tax Credit (NMSA 1978 §7-2-18.17) is a non-refundable state income tax credit administered by the New Mexico Taxation and Revenue Department (TRD) Business Credit Audit Team. The program incentivizes New Mexico-resident accredited investors to deploy capital into state-based research and development or manufacturing companies by crediting 25% of qualifying investmen…

What this grant funds

Credits New Mexico-resident accredited investors 25% of qualifying investments in state-based R&D or manufacturing companies, capped at $62,500 per investment within a $2M annual statewide pool.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$2M
Funding analytics

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 22 Jul 2026Source: www.tax.newmexico.gov