Signed into LawFiled Jan 26, 2026
Sponsor: Dixon, Meredith A.
Latest Action
PASS - SGND BY GOV - Chapter 17
Mar 3, 2026
Summary
The bill lets individuals and corporations that build qualified facilities in New Mexico claim a tax credit equal to the lesser of 20% of eligible spending or $25 million. Credit eligibility is verified through a two‑step certification process and can be transferred in $1 million blocks. Credits must be claimed within a year and can be carried forward for five years, with penalties if production stops for long periods.
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