1. Technology Jobs and Research and Development Tax Credit Act
  2. NMSA §§ 7-9F-1 to 7-9F-13
  3. Basic Credit
  4. Additional Credit
  5. Qualified Research Expenses (QREs)
  6. Qualified Expenditure
  7. Qualified Facility
  8. Qualified Research
  9. Internal Revenue Code (IRC) Section 41
  10. IRC Section 174
  11. New or Improved Business Component
  12. Discovering Information
  13. Eliminating Uncertainty Test
  14. Process of Experimentation Test
  15. Technological in Nature
  16. Permitted Purpose
  17. Wages for Employees Performing Research
  18. Supplies and Materials (for research)
  19. Contract Research Expenses
  20. Equipment and Software (for research)
  21. Operating Expenses Tied to Qualified Facility
  22. Rural Area (Credit Doubling)
  23. Bernalillo County (Exclusion)
  24. Doña Ana County (Exclusion)
  25. Santa Fe County (Exclusion)
  26. Annual Payroll Expense
  27. Base Payroll Expense
  28. Payroll Bonus Benchmark
  29. Gross Receipts Tax (GRT)
  30. Compensating Tax
  31. Withholding Tax
  32. Income Tax Liability (Corporate/Personal)
  33. Nonrefundable Credit
  34. Partially Refundable Credit
  35. Qualified R&D Small Business
  36. Maximum Qualified Expenditure Cap ($5 million)
  37. Maximum Employee Count (50 employees)
  38. Credit Carry Forward
  39. Maximum Carry Forward Period (3 years)
  40. Application for Approval (Annual)
  41. Application Deadline (One year after tax year end)
  42. Taxpayer Access Point (TAP)
  43. Form RPD-41385 (Application)
  44. Form RPD-41243 (Claim Form)
  45. Form RPD-41298 (Claim Form)
  46. Annual Reports (Post-Claim)
  47. New Mexico Taxation and Revenue Department (TRD)
  48. Affiliated Person
  49. Local Option Gross Receipts Tax (Exclusion)
  50. Export-Based Industries