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New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Advanced Energy Deduction & Advance Energy Tax Credit: Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax. Department of Defense.

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New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The credit can be applied to the state portion of the gross receipts tax, compensating tax and withholding tax. The rural area is divided into two tiers: Tier 2 = Non-metro area municipalities that exceed 15,000 in population: Alamogordo, Carlsbad, Clovis, Gallup, and Hobbs; Tier 1 = Everywhere else in a rural area. Eligible Uses.

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STATE INCENTIVES GUIDE

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Eligibility qualifications are different for rural and metro areas. EQUITY INVESTMENT TAX CREDIT: Targeted toward new, technology-based businesses that pay wages in excess of the state or county average wage. Borrowers inject 10 percent in the form of cash or equity in real estate. Employees must be Arkansas taxpayers.

Income 75
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State by State Incentives Guide

Buisness Facilities Contributed Content

Metro: Capital investment of at least $5 million and at least 25 new jobs. million, not to exceed $5,000 per employee trained in metro areas and $8,000 per employee trained in rural areas. This program allows an approved business to offer an income tax credit to investors purchasing an equity investment in the business.

Income 108