New Mexico Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
55% of the receipts from selling jet fuel for use in turboprop or jet engines until June 30, 2017; 40% after June 30, 2017. The credit may be applied against the taxpayer’s gross receipts tax liability or compensating tax liability. 50% of gross receipts from selling other aircraft.
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