A credit or tax rebate provided in the Corporate Income and Franchise Tax Act that is claimed shall be disallowed if the claim for the credit or tax rebate was first made after the end of the third calendar year following the calendar year in which the return upon which the credit or rebate was first claimable was initially due.
§ 7-2A-9.2 NMSA 1978
Limitation on claiming of credits and tax rebates
Known as the Corporate Income and Franchise Tax Act
The act spans §§ 7–7 (52 sections).
1978 Comp., § 7-2A-9.2, enacted by Laws 1990, ch. 23, § 2.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.