Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides a 5.125% credit against gross receipts tax (GRT) or compensating tax for manufacturers purchasing qualified equipment and machinery used directly in manufacturing operations in New Mexico.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Applicant must be a manufacturer operating in New Mexico
2.Equipment must be used directly in manufacturing operations (NAICS 31–33)
3.Credit applied against GRT or compensating tax on equipment purchase
4.No pre-approval required; claimed on annual return
5.Leased equipment may qualify if taxpayer bears economic risk of loss
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.