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NM Technology Jobs and Research & Development Tax Credit

NM Technology Jobs and Research & Development Tax Credit

Offers New Mexico technology employers tax credits for research spending and job creation.

Between cyclesNew Mexico Taxation and Revenue DepartmentUnited StatesEligible in New Mexico
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About

The New Mexico Technology Jobs and Research & Development Tax Credit (NMSA 1978 §§7-9F-1 through 7-9F-13) provides New Mexico businesses with a state tax offset of 5% of qualified research expenditures for facilities located in urban areas, or 10% for facilities in rural areas. The credit can be applied against gross-receipts tax, compensating tax, or withholding tax. A second-layer credit — also …

What this grant funds

Provides New Mexico businesses a state tax credit of 5–10% of qualified in-state research and development expenditures, with a refundable layer available to small businesses, claimable annually against gross-receipts or income tax.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
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.—
Funding analytics

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Industries

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Eligibility criteria

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What you have to submit

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