New Mexico Administrative Code
Title 3 - TAXATION
Chapter 3 - PERSONAL INCOME TAXES
Part 37 - CLEAN CAR CHARGING UNIT PERSONAL INCOME TAX CREDIT
Section 3.3.37.15 - CALCULATING THE STATE TAX CREDIT
Universal Citation: 3 NM Admin Code 3.3.37.15
Current through Register Vol. 35, No. 18, September 24, 2024
A. The tax credit is limited to the purchase and the installation labor cost for the clean car charging unit, whichever is less.
B. The amount of tax credit shall be:
(1) for a direct current fast
charger or fuel cell charging unit, $25,000 or the cost to purchase and install
the direct current fast charger or fuel cell charging unit, whichever is
less;
(2) for all other electric
vehicle charging units, $400 or the cost to purchase and install the electric
vehicle charging unit, whichever is less.
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