State Codes and Statutes
Statutes > New-mexico > Chapter-7 > Article-9a > Section-7-9a-67-9A-6. Qualified equipment.
Equipment not previously used in New Mexico and not previously approved for a credit under the Investment Credit Act that is owned by the taxpayer or owned by the United States or an agency or instrumentality thereof or the state or a political subdivision thereof and leased or subleased to the taxpayer is qualified equipment if it is in New Mexico and is incorporated or to be incorporated within one year into a manufacturing operation.
