Bill > HB366

This bill changes the requirements for when a taxpayer must submit a new application for the High-Wage Jobs Tax Credit and what should be included in the application. It also amends the definition of "eligible employer" for purposes of the High-Wage Jobs Tax Credit. The key provisions include: - Reducing the period of time a taxpayer must wait before submitting a new application for the credit from 5 to 3 calendar years if the taxpayer previously lost eligibility or reduced its total full-time employees in New Mexico by more than 10%. - Requiring the taxpayer to include the percentage of goods and non-retail services sold and delivered to persons outside New Mexico during the qualifying period for each location where an eligible employee's work is performed. - Expanding the definition of "eligible employer" to include an employer that is the corporate entity's regional or national corporate headquarters.

Budget and Finance, Labor and Employment

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=366&year=17