2015 New Mexico Statutes
Chapter 7 - Taxation
Section 9A Investment Credit
Section 7-9A-6 Qualified equipment.
7-9A-6. Qualified equipment.
Equipment not previously used in New Mexico and not previously approved for a credit under the Investment Credit Act that is owned by the taxpayer or owned by the United States or an agency or instrumentality thereof or the state or a political subdivision thereof and leased or subleased to the taxpayer is qualified equipment if it is in New Mexico and is incorporated or to be incorporated within one year into a manufacturing operation.
History: Laws 1979, ch. 347, 6; 1983, ch. 206, 4; 1990, ch. 3, 4.
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