Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9F - Technology Jobs Tax Credit, 7-9F-1 through 7-9F-12. > Section 7-9F-5 - Basic credit; additional credit; amounts; claimant.

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

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.