Specific Industry Incentive Tax Credits

New Mexico offers specific industry incentive tax credits that are tailored to the interests and needs of particular businesses.

This page summarizes the tax credits available in this category and gives links to forms. For these tax credits, there are additional qualifications and eligibility requirements to the ones listed below. To get more specific information about qualifying and applying for them, please see FYI-106: Claiming Business-Related Tax Credits for Individuals and Businesses.

Advanced Energy – For those who hold an interest in a qualified power-generating facility. Download RPD-41334, Advanced Energy Tax Credit Claim Form to see the claim form. Download RPD-41333, Application for Advanced Energy Tax Credit to see the application.

Affordable Housing – For those who invest in affordable housing projects for residences approved by the New Mexico Mortgage Finance Authority and located in a county of fewer than 100,000 persons. Download RPD-41301, Affordable Housing Tax Credit Claim Form to see the claim form.

Biodiesel Blending Facility – For those who are a rack operator who installs biodiesel blending equipment. Download RPD-41321, Biodiesel Blending Facility Tax Credit Claim Form and Approval to see the claim and approval forms.

Laboratory Partnership with Small Business – For a national laboratory which offers assistance to individual small businesses in New Mexico and incurs expenses for doing so. Download RPD-41325, Application for Laboratory Partnership with Small Business Tax Credit to see the claim form and Schedule A.

Unpaid Doctor Services – For a licensed medical doctor or osteopathic physician having unpaid bills for medical services performed while on call to a hospital. Download RPD-41323, Gross Receipts Tax Credit for Certain Unpaid Doctor Services to see the form.