Section 7-9F-5 - Basic credit; additional credit; amounts; claimant. - New Mexico Statutes

7-9F-5. Basic credit; additional credit; amounts; claimant.

A.     The basic credit provided for in the Technology Jobs Tax Credit Act is an amount equal to four percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.   

B.     The additional credit provided for in the Technology Jobs Tax Credit Act is an amount equal to four percent of the amount of qualified expenditures made by a taxpayer conducting qualified research at a qualified facility.