1. A. A taxpayer who has received a certificate of eligibility from the energy minerals and natural resources department shall claim the credit with the taxation and revenue department as required in statute and outlined in the income tax form instructions.

2. B. A certificate of eligibility for the tax credit may be sold, exchanged or otherwise transferred to another taxpayer for the full value of the credit. The parties to such a transaction shall notify the taxation and revenue department of the sale, exchange or transfer within 10 days of the sale, exchange or transfer in an electronic format prescribed by the taxation and revenue department.

   HISTORY OF 3.3.36 NMAC:

   Pre-NMAC History: None.

   History of Repealed Material: [RESERVED

[3.3.36.17 NMAC - N, 09/24/2024]