A Competitive Business Climate

Carlsbad and Eddy County offer a pro-business environment with a tax climate that supports industry growth and investment. Recognized by Kiplinger, Ernst & Young, and the Tax Foundation, New Mexico continues to enhance its appeal for businesses looking to expand or relocate.

Key tax advantages include:

No property tax on goods in transit through the state or warehoused for out-of-state delivery
No inventory tax
No gross receipts tax on consumables used in manufacturing, including electricity and natural gas
No intangible property tax
No real estate transfer tax
Among the lowest property taxes in the nation
Single sales factor apportionment for manufacturers, reducing tax burdens
No estate, inheritance, or gift taxes

With these business-friendly policies, Carlsbad provides companies with a cost-effective location for growth, innovation, and long-term success.

For New Mexico’s Industry-Specific Incentives, click here.

Rural Jobs Tax Credit

Rural Jobs Tax Credit

Investment Tax Credit

Investment Tax Credit

High Wage Jobs Tax Credit

High Wage Jobs Tax Credit