The amount of the basic and additional credit for which a taxpayer is otherwise eligible shall be doubled if the qualified expenditures were incurred with respect to a qualified facility in a rural area.
§ 7-9F-8 NMSA 1978
Rural areas
Known as the Technology Jobs and Research and Development Tax Credit Act
The act spans §§ 7–7 (14 sections).
Laws 2000 (2nd S.S.), ch. 22, § 8.
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.