Specific Industry Incentive Tax Credits 
New Mexico offers specific industry incentive tax credits that are tailored to the interests and needs of particular businesses.

This page summarizes the tax credits available in this category and gives links to forms. For these tax credits, there are additional qualifications and eligibilty requirementsto the ones listed below. To get more specific information about qualifying and applying for them, please see FYI-106: Claiming Tax Credits for CRS Taxes and Business-Related Income.

Advanced Energy – for those who hold an interest in a qualified power-generating facility. Click RPD-41334, Advanced Energy Tax Credit Claim Form to see the claim form. Click RPD-41333, Application for Advanced Energy Tax Credit to see the application.

Affordable Housing – for those who invest in affordable housing projects for residences approved by the New Mexico Mortgage Finance Authority and located in a county of fewer than 100,000 persons. Click RPD-41301, Affordable Housing Tax Credit Claim Form to see the claim form.

Biodiesel Blending Facility – for those who are a rack operator who installs biodiesel blending equipment. Click RPD-41321, Biodiesel Blending Facility Tax Credit Claim Form and Approval to see the claim and approval forms.

Film Production – for film production companies that have direct production and direct postproduction expenditures that are subject to taxation by the State of New Mexico. Click RPD-41229, Application for Film Production Tax Credit to see the application. Click RPD-41228, Film Production Tax Credit Claim Form to see the claim form. Click RPD-41271, Declaration of Residency to see the form.  (As of April 26, Fiscal Year 2012 Film Production Refunds total 33 claims for $9,121,449)

Hospitals Gross Receipts - for a hospital licensed by the New Mexico Department of Health. Click RPD-41324, Gross Receipts Tax Credit for Certain Hospitals Claim Form to see the claim form.

Laboratory Partnership with Small Business – for a national laboratory which offers assistance to individual small businesses in New Mexico and incurs expenses for doing so. Click RPD-41325, Application for Laboratory Partnership with Small Business Tax Credit to see the claim form and Schedule A.

Unpaid Doctor Services – for a licensed medical doctor or osteopathic physician having unpaid bills for medical services performed while on call to a hospital. Click RPD-41323, Gross Receipts Tax Credit for Certain Unpaid Doctor Services to see the form.
  • Message from the Secretary It’s that time of the year again when New Mexicans are getting ready to file their 2011 tax returns. I want to encourage everyone to file tax returns online. Not only will you receive your refund check faster… Read More ​

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