Consumables Gross Receipts Tax Deduction for Manufacturers — NM Taxation & Revenue Department funding opportunity
NM Taxation & Revenue Department · State agency

Consumables Gross Receipts Tax Deduction for Manufacturers

A seller may deduct receipts from sales to a manufacturer of tangible personal property that becomes an ingredient or component part of a manufactured product. For the purposes of this deduction, “consumable” is defined...

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Deadline Rolling Location New Mexico Type tax credit Level State Open
✦ AI Summary
  • Who can apply: State-level applicants (see eligibility for details).
  • Deadline: Rolling — applications accepted any time.
  • Issued by: NM Taxation & Revenue Department.
How was this generated?

The “key facts” mode pulls structured fields directly from the official source posting (amount, deadline, eligibility tags). The AI mode adds a short plain-English narrative on top, generated from the same source. Always verify with the agency before applying.

AI-generated. Always verify with the official source.

Deadline
Rolling

About this opportunity

A seller may deduct receipts from sales to a manufacturer of tangible personal property that becomes an ingredient or component part of a manufactured product. For the purposes of this deduction, “consumable” is defined as tangible personal property that is incorporated transformed in the process of manufacturing a product, including aids and other tangibles used to manufacture a product. FYI-275: Deductions for Certain Sales to Manufacturers

Funding agency

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Who can apply

Eligibility details aren't on file yet — check the agency source link in the Documents tab for the latest rules.

Geographic eligibility

  • New Mexico

How to apply

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Source documents

View on agency site
Canonical NOFO, application packet, and forms
No supplemental documents yet.

Direct downloads (NOFO PDFs, application forms, FAQs) will appear here once our team attaches them. For now, the agency site has the canonical packet.

Citation details

Source systemnm-grants
Source IDedd-tax-consumables-gross-receipts-tax-deduction-for-manufacturers

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