New Mexico Administrative Code
Title 3 - TAXATION
Chapter 3 - PERSONAL INCOME TAXES
Part 36 - CLEAN CAR PERSONAL INCOME TAX CREDIT
Section 3.3.36.10 - APPLICATION REQUIREMENTS
Universal Citation: 3 NM Admin Code 3.3.36.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. The state tax credit is available for purchases of an electric vehicle, plug-in hybrid electric vehicle or fuel cell vehicle, or new leases of at least three years for one of these vehicles.
B. Applications for certification of the state tax credit shall be made no later than one year from the date on which the vehicle is purchased or the lease is entered into.
C. The application package shall meet the requirements of 3.3.36 NMAC. If an application package fails to meet a requirement, the department shall disapprove the application.
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