Corporate Income and Franchise Tax | Midpage

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New Mexico Statutes Annotated 1978

2A

Corporate Income and Franchise Tax

State of New Mexico

7-2A-1Short title 7-2A-2Definitions 7-2A-3Imposition and levy of taxes 7-2A-4Exemptions 7-2A-5Corporate income tax rates 7-2A-5.1Corporate franchise tax amount 7-2A-6Tax computation; alternative method 7-2A-7Taxes applied to corporations on federal areas 7-2A-8.3Combined and consolidated returns 7-2A-8.6Credit for preservation of cultural property; corporate income tax credit 7-2A-8.9Tax credit; certain conveyances of real property 7-2A-9Taxpayer returns; payment of tax 7-2A-9.1Estimated tax due; payment of estimated tax; penalty; exemption 7-2A-9.2Limitation on claiming of credits and tax rebates 7-2A-10Information returns 7-2A-11Accounting methods 7-2A-12Fiscal years permitted 7-2A-13Administration 7-2A-16Intergovernmental business tax credit 7-2A-19Renewable energy production tax credit; limitations; definitions; claiming the credit 7-2A-19.1Clean car corporate income tax credit. (Repealed effective January 1, 2031.)7-2A-19.2Clean car charging unit corporate income tax credit. (Repealed effective January 1, 2031.)7-2A-19.3Advanced energy equipment corporate income tax credit. (Repealed effective January 1, 2034.)7-2A-19.4Local journalist employment corporate income tax credit 7-2A-19.5Local news printer corporate income tax credit 7-2A-24Geothermal ground-coupled heat pump corporate income tax credit 7-2A-24.1Geothermal electricity generation corporate income tax credit 7-2A-26Agricultural biomass corporate income tax credit 7-2A-282015 sustainable building corporate income tax credit 7-2A-28.12021 sustainable building corporate income tax credit 7-2A-31Deduction; income from leasing a liquor license