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2025 New Mexico Statutes
Chapter 7 - Taxation
Article 2A - Corporate Income and Franchise Tax
- Section 7-2A-1 - Short title.
- Section 7-2A-2 - Definitions.
- Section 7-2A-3 - Imposition and levy of taxes.
- Section 7-2A-4 - Exemptions.
- Section 7-2A-4.1 - Repealed.
- Section 7-2A-5 - Corporate income tax rates.
- Section 7-2A-5.1 - Corporate franchise tax amount.
- Section 7-2A-6 - Tax computation; alternative method.
- Section 7-2A-7 - Taxes applied to corporations on federal areas.
- Section 7-2A-8 - Repealed.
- Section 7-2A-8.1 - Repealed.
- Section 7-2A-8.2 - Repealed.
- Section 7-2A-8.3 - Combined and consolidated returns.
- Section 7-2A-8.4 - Repealed.
- Section 7-2A-8.5 - Repealed.
- Section 7-2A-8.6 - Credit for preservation of cultural property; corporate income tax credit.
- Section 7-2A-8.7 - Repealed.
- Section 7-2A-8.8 - Repealed.
- Section 7-2A-8.9 - Tax credit; certain conveyances of real property.
- Section 7-2A-9 - Taxpayer returns; payment of tax.
- Section 7-2A-9 - Taxpayer returns; payment of tax. (Effective January 1, 2026.)
- Section 7-2A-9.1 - Estimated tax due; payment of estimated tax; penalty; exemption.
- Section 7-2A-9.2 - Limitation on claiming of credits and tax rebates.
- Section 7-2A-10 - Information returns.
- Section 7-2A-11 - Accounting methods.
- Section 7-2A-12 - Fiscal years permitted.
- Section 7-2A-13 - Administration.
- Section 7-2A-14 - Repealed.
- Section 7-2A-15 - Repealed.
- Section 7-2A-16 - Intergovernmental business tax credit.
- Section 7-2A-17 - Repealed.
- Section 7-2A-17.1 - Repealed.
- Section 7-2A-18 - Repealed.
- Section 7-2A-19 - Renewable energy production tax credit; limitations; definitions; claiming the credit.
- Section 7-2A-19.1 - Clean car corporate income tax credit. (Repealed effective January 1, 2031.)
- Section 7-2A-19.2 - Clean car charging unit corporate income tax credit. (Repealed effective January 1, 2031.)
- Section 7-2A-19.3 - Advanced energy equipment corporate income tax credit. (Repealed effective January 1, 2034.)
- Section 7-2A-20 - Repealed.
- Section 7-2A-21 - Repealed.
- Section 7-2A-22 - Repealed.
- Section 7-2A-23 - Repealed.
- Section 7-2A-24 - Geothermal ground-coupled heat pump corporate income tax credit.
- Section 7-2A-24 - Geothermal ground-coupled heat pump corporate income tax credit. (Effective January 1, 2026.)
- Section 7-2A-24.1 - Geothermal electricity generation corporate income tax credit.
- Section 7-2A-24.1 - Geothermal electricity generation corporate income tax credit. (Effective January 1, 2026.)
- Section 7-2A-25 - Repealed.
- Section 7-2A-26 - Agricultural biomass corporate income tax credit.
- Section 7-2A-26 - Agricultural biomass corporate income tax credit. (Effective January 1, 2026.)
- Section 7-2A-27 - Repealed.
- Section 7-2A-28 - 2015 sustainable building tax credit.
- Section 7-2A-28 - 2015 sustainable building corporate income tax credit. (Effective January 1, 2026.)
- Section 7-2A-28.1 - 2021 sustainable building tax credit.
- Section 7-2A-28.1 - 2021 sustainable building corporate income tax credit. (Effective January 1, 2026.)
- Section 7-2A-29 - Repealed.
- Section 7-2A-30 - Repealed.
- Section 7-2A-31 - Deduction; income from leasing a liquor license.
- Section 7-2A-31 - Deduction; income from leasing a liquor license. (Effective January 1, 2026.)
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