3.13.5.9

Statute of Limitations

1. A. A taxpayer must file its application for approval of a credit within one year of the end of the calendar year in which the qualified expenditures were made.
2. B. Example: Taxpayer X makes qualified expenditures from January 1 through October 30, 2005. X must submit its application for credit under the Technology Jobs Tax Credit Act by no later than December 31, 2006.

[3.13.5.9 NMAC - N, 10/31/05]