New Mexico Administrative Code
Title 3 - TAXATION
Chapter 13 - BUSINESS TAX CREDITS
Part 2 - INVESTMENT TAX CREDIT
Section 3.13.2.8 - INDUSTRIAL REVENUE BONDS
Universal Citation: 3 NM Admin Code 3.13.2.8
Current through Register Vol. 35, No. 18, September 24, 2024
A. Any equipment that is placed into service on or after January 1, 1991, under the provisions of either the Industrial Revenue Bond Act or the County Industrial Revenue Bond and that otherwise meets the requirements of the Investment Credit Act is "qualified equipment" for the purpose of the Investment Credit Act.
B. Tangible personal property placed into service prior to January 1, 1991, under the provisions of either the Industrial Revenue Bond Act or the County Industrial Revenue Bond Act is not "equipment" for the purpose of the Investment Credit Act.
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