FailedFiled Jan 2, 2026
Sponsor: Dixon, Meredith A.
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill amends the Technology Jobs and Research and Development Tax Credit Act so that businesses can treat expenditures on property owned by a city or county for an industrial revenue bond project as qualified expenses for the credit. This change lets companies that use publicly owned facilities claim the credit, potentially spurring more tech research and jobs in New Mexico. It does not alter other credit rules or create new taxes.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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