Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities (New Mexico)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place New Mexico

Name Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities
Incentive Type Sales Tax Incentive
Applicable Sector Local Government, Construction, State Government, Installer/Contractor, Fed. Government, Retail Supplier
Eligible Technologies Solar Thermal Electric, Photovoltaics, Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 100%


























Program Administrator New Mexico Taxation & Revenue Department
Website http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/GRTExemptionGov.html
Date added to DSIRE 2010-02-16
Last DSIRE Review 2014-08-06



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

New Mexico has a gross receipts tax structure for businesses instead of a sales tax. Businesses are taxed on the gross amount of their business receipts each year before expenses are deducted. Receipts associated with the sale of certain wind turbine equipment to federal, state, or local government entities are exempt from being added to gross receipts. S.B. 201, signed in March 2010, extended this exemption to solar thermal electric and photovoltaic systems sold to a government on or after July 1, 2010.


Incentive Contact

Contact Name Vincent Barrera
Department New Mexico Energy, Minerals and Natural Resources Department
Division Energy Conservation and Management Division




Phone (505) 476-3323


Email Vincent.Barrera@state.nm.us
Website http://www.emnrd.state.nm.us/ecmd/
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: N.M. Stat. § 7-9-54.3

Date Enacted 2002 (subsequently amended)



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"