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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew Mexico
Reporting JurisdictionNew Mexico
Jurisdiction type: State
Fiscal year ending In2017
Program nameAdvanced Energy Deduction
Program purpose: Energy production
Statutory authority: Section 7-9-114 NMSA 1978
Abating jurisdiction(s): State of New Mexico
Applicable taxesGross Receipts Tax
Method of abatement: Tax deduction
Provisions for recapture: (not specified)
Gross revenue loss: $500,000
Reimbursement / offset: $0
Net revenue loss: $500,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.nmdfa.state.nm.us/new-mexico-annualreport/