New Mexico Statutes Chapter 7. Taxation § 7-9J-4. Alternative energy product manufacturers tax credit

A. A tax credit to be known as the “alternative energy product manufacturers tax credit” may be claimed by a taxpayer in an amount:

B. The alternative energy product manufacturers tax credit may only be deducted from the taxpayer's modified combined tax liability. Any portion of the alternative energy product manufacturers tax credit that remains unused at the end of the taxpayer's reporting period may be carried forward for five years.