Reported by CommitteeFiled Jan 14, 2026
Sponsor: Sanchez, Joseph
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill lets national laboratories claim a credit against their gross receipts tax when they assist New Mexico‑registered companies with technology‑readiness services. The credit is based on qualified lab expenses, capped at $150,000 per business and limited by yearly aggregate amounts for each lab. It aims to encourage technology maturation and economic development in the state.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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