Passed One ChamberFiled Jan 28, 2026
Sponsor: Gonzales, Roberto "Bobby" J.
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill lets national laboratories claim a credit against their gross receipts tax when they provide technology‑readiness assistance to New Mexico‑registered businesses. Credits are limited to $150,000 per business each fiscal year and to a sliding aggregate cap per lab, and unused credits can be carried forward. The measure aims to spur technology development and economic growth in the state.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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