Investment Credit
Credit based on the value of qualified equipment introduced into New Mexico, with...
Credit based on the value of qualified equipment introduced into New Mexico, with employment/payroll tests.
Fit 3/3Difficulty 2/3Not refundable
New Mexico
3 programs in the 2026 edition.
View this section in the full 2026 Sourcebook Filter/search New Mexico
3 programs0 refundableEasiest: Investment CreditTop: Equipment, Investment, Rural / Geographic
Programs
NM-RD-001
Basic credit generally 5% of qualified expenditures, plus another 5% in rural areas...
Basic credit generally 5% of qualified expenditures, plus another 5% in rural areas; additional components depend on payroll growth.
Fit 2/3Difficulty 3/3Not established
Rural Job Tax Credit
Per-job credit determined by eligible wages and rural-area rules.
Per-job credit determined by eligible wages and rural-area rules.
Fit 2/3Difficulty 3/3Not refundable