2006 New Mexico Statutes - Section 7-9E-7 — Tax credits; amounts.
7-9E-7. Tax credits; amounts.
Each tax credit provided for pursuant to the Laboratory Partnership with Small Business Tax Credit Act [ 7-9E-1 to 7-9E-9 NMSA 1978] shall be an amount equal to the qualified expenditure incurred by the national laboratory, not to exceed five thousand dollars ($5,000) for each small business for which small business assistance is rendered in a calendar year or ten thousand dollars ($10,000) if the small business assistance was provided to a small business located in a rural area.
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