Alternative Energy Product Manufacturer’s Tax Credit

Administered by NM Taxation & Revenue Department A tax credit for up to 5% of qualified expenditures for manufacturing equipment used in a manufacturing operation that produces alternative energy products. To be eligible to claim a credit, the taxpayer must employ personnel to perform production tasks in conjunction with manufacturing equipment not previously existing at the site. Additionally, the manufacturer must employ at least one new full-time employee in addition to the number of full-time employees employed one year prior to the day on which the taxpayer applies for the credit for every: $500,000, or a portion of that amount, of qualified expenditures claimed by the taxpayer in a tax year in the same application, up to a value of $30 million, and $1 million, or a portion of that amount, of qualified expenditures claimed by the taxpayer in a tax year in the same application, over $30 million. The manufacturer must be approved prior to claiming any tax credit. Alternative Energy Product Manufacturer’s Tax Credit Application Alternative Energy Product Manufacturer’s Tax Credit Claim Form Alternative Energy Product Manufacturer’s Tax Credit Notice of Distribution Form

A tax credit for up to 5% of qualified expenditures for manufacturing equipment used in a manufacturing operation that produces alternative energy products. To be eligible to claim a credit, the taxpayer must employ personnel to perform production tasks in conjunction with manufacturing equipment not previously existing at the site. Additionally, the manufacturer must employ at least one new full-time employee in addition to the number of full-time employees employed