Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9F - Technology Jobs Tax Credit, 7-9F-1 through 7-9F-12. > Section 7-9F-2 - Purpose of act.

Section 7-9F-2 - Purpose of act.

7-9F-2. Purpose of act.

It is the purpose of the Technology Jobs Tax Credit Act to provide a favorable tax climate for technology-based businesses engaging in research, development and experimentation and to promote increased employment and higher wages in those fields in New Mexico.