COMPARISON CHART
Transferrable New Mexico Tax Credits
TYPE OF CREDIT CARRY FORWARD PERIOD? FRAGMENTABLE? LIMIT ON AMOUNT OF CREDIT THAT MAY BE USED IN A GIVEN YEAR? TYPE OF TAX FOR WHICH CREDIT MAY BE USED? TRANSFERRABLE ONLY ONCE?
 
CONSERVATION EASEMENT 20 years

Yes; increments of $10,000 or more

No

New Mexico personal
or corporate income tax

Yes

SUSTAINABLE BUILDING 7 years No

See NM Bulletin B-300.15 (New 5/2016)

New Mexico personal or corporate income tax No express
statutory
prohibition
RURAL JOB 3 years No No 

New Mexico personal or corporate income tax; modified combined tax liability (see NMSA 1978, 7-2E-1.1(J)(4) (2007))

No express
statutory
prohibition
AFFORDABLE HOUSING 5 years Yes; any increment No New Mexico personal or corporate income tax; modified combined tax liability (see NMSA 1978, 7-9I-2(D) (2005)) Yes
AGRICULTURAL BIOMASS 4 years No No New Mexico personal or corporate income tax No express statutory prohibition
NOTES Specially allocable credits traded by our company, such as New Mexico's Advanced Energy Tax Credit, and the Federal Solar Tax Credit, are materially different from the outright transferable credits, and, accordingly are not integrated into the above comparison chart.