New Mexico Administrative Code
Title 3 - TAXATION
Chapter 3 - PERSONAL INCOME TAXES
Part 36 - CLEAN CAR PERSONAL INCOME TAX CREDIT
Section 3.3.36.13 - APPLICATION REVIEW PROCESS
Current through Register Vol. 35, No. 18, September 24, 2024
A. The department shall consider complete applications in the order received.
B. The department shall review the application package to calculate the state tax credit; check the accuracy of the applicant's documentation and determine whether the department shall certify the clean car personal income tax credit. The department shall disapprove an application that is not complete, correct, or does not meet the approval criteria.
C. If the department finds the application package meets the requirements of 3.3.36 NMAC, and a state tax credit is available, the department shall certify the applicant's clean car personal income tax credit.
D. If applicable, the department's disapproval notification shall state the reasons why the department disapproved the application. The applicant may resubmit the electronic application package for a disapproved project, but it shall be placed back at the beginning of the queue and reviewed as if it were a new application.