Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities (New Mexico)
Last modified on December 17, 2014.
Financial Incentive Program
|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|
|Energy Category||Renewable Energy Incentive Programs|
|Program Administrator||New Mexico Taxation & Revenue Department|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Vincent Barrera|
|Department||New Mexico Energy, Minerals and Natural Resources Department|
|Division||Energy Conservation and Management Division|
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.