Advanced Energy Deduction and Advanced Energy Tax Credit « Back to Search Results
Advanced Energy Deduction and Advanced Energy Tax Credit

Category: State Incentives, Energy


Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax. In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for six percent (6%) of the eligible generation plant costs of a qualified facility.


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New Mexico Economic Development