Angel Investment Credit (New Mexico)
Last modified on February 12, 2015.
A taxpayer who files a New Mexico income tax return and who is a “qualified investor” may take a tax credit of up to $25,000 (25% of a qualified investment of not more than $100,000) for an investment made in a New Mexico company that is engaging in high-technology research or manufacturing. The taxpayer may claim the angel investment credit for up to two qualified investments in a taxable year, provided that each investment is in a different qualified business. Any portion of the tax credit remaining unused at the end of the taxpayer’s taxable year may be carried forward for three consecutive years.
|Contact Name||Kathy McCormick|
|Department||New Mexico Economic Development Department|
|Address||1100 St. Francis Drive|
|Address 2||Joseph Montoya Building, Ste. 1060|
|Place||Santa Fe, New Mexico|