NM Manufacturing Investment Tax Credit
Offers New Mexico manufacturers a tax credit on qualifying imported equipment tied to job and payroll expansion.
The New Mexico Manufacturing Investment Tax Credit, formally known as the Investment Credit under the Investment Credit Act (NMSA 1978 §§7-9A-1 through 7-9A-11), is a non-refundable state tax credit administered by the New Mexico Taxation and Revenue Department (TRD) Business Credit Audit Team. The program reduces the effective cost of capital equipment for New Mexico manufacturers by using the ap…
Credits New Mexico manufacturers 5.125% of qualified equipment imported into the state, offsetting gross receipts, compensating, or withholding tax when additional workers are hired.
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