Angel Investment Credit (New Mexico)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place New Mexico


Applies to States or Provinces New Mexico
Name Angel Investment Credit (New Mexico)
Policy Category Financial Incentive
Policy Type Personal Tax Incentives
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province















Primary Website http://www.gonm.biz/Technology_Commercialization.aspx


Last Review 2014-09-15


Information Source http://www.gonm.biz/uploads/files/AngelInvestmentCreditApplication.pdf


Summary

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.


<metadesc> Angel Investment Credit (New Mexico): energy incentive program. </metadesc>

Policy Contact

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
Zip/Postal Code 87504
Phone (505) 670-6320


Email Kathy.McCormick@state.nm.us


















References