New Mexico offers business-related tax credits to corporations and individuals who meet the requirements set out in the statutes for each credit.

New Mexico provides a number of tax credits and rebates for New Mexico individual income tax filers. ... The PIT-RC Rebate and Credit Schedule is a separate ...

The New Markets Tax Credit program is a federal program designed to provide businesses in rural or low-income communities with greater access to capital in ...

Administered by the NM Historic Preservation Division (HPD), the 50% state income tax credit is available to owners of historic buildings who complete qualified ...

The Energy Conservation and Management Division (ECMD) provides technical review and certification of tax credits for several tax credit programs. These tax ...

New Mexico offers a corporate income tax credit of up to $1,000 (6.25% of the first $16,000 in wages) for each job filled by a qualified employee for at least ...

View the current and prior tax credit rounds for the LIHTC program.

EARNED INCOME TAX CREDIT (EITC). Rate (Fully-Refundable): 25% of the federal credit (beginning 2023). Eligibility Requirements: All New Mexico taxpayers who ...

Solar systems installed on or after March 1, 2020 are eligible for a tax credit of up to 10%, capping at $6,000. This is a great opportunity to lower energy ...

The Tax Credit for hiring other target groups (except summer youth employees) is up to $2,400 for each new hire; 40% of qualified first year wages for those ...