COMPARISON CHART
Transferrable New Mexico Tax Credits
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 |
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. | ||||