Bill > HB69

This bill extends the angel investment tax credit program in New Mexico until December 31, 2030, and increases the annual aggregate cap on the credits from $2 million to $5 million. The bill also allows any unused tax credit to be refunded to the taxpayer, rather than carried forward for 5 years as previously allowed. The key provisions of the bill are the extension of the program, the increase in the annual cap, and the change to allow refunds of unused credits.

Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=69&year=23