Signed into LawFiled Jan 26, 2026
Sponsor: Dixon, Meredith A.
Latest Action
Signed
Mar 4, 2026
Summary
The bill expands New Mexico’s advanced energy equipment tax credits by defining which products qualify, such as solar, wind, battery, fusion, critical mineral, and inverter components. It allows eligible manufacturers to claim a credit equal to up to 20% of qualified spending, capped at $25 million, with new certification and reporting requirements. The changes aim to encourage local production of clean‑energy technologies.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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