Category: State Incentives, Tax Incentives
AGENCY: Taxation and Revenue Department
DESCRIPTION: The Aircraft Manufacturing Tax Credit allows receipts of an aircraft manufacturer from selling aircraft may be deducted from gross receipts. Any deduction allowed under Section 7-9-71 NMSA 1978 must be taken before the deduction allowed by the subsection is computed.
• See 7-9-62 B NMSA for additional information.
• Visit the Taxation and Revenue Department homepage at http://www.state.nm.us/tax/home.htm or ?call the office of the Secretary at (505) 827-0951.