Angel Investment Credit (New Mexico)

Last modified on February 12, 2015.

EZFeed Policy

Place	New Mexico
Applies to States or Provinces	New Mexico
Name	Angel Investment Credit (New Mexico)
Policy Category	Financial Incentive
Policy Type	Personal Tax Incentives
Affected Technologies	Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy	Yes
Implementing Sector	State/Province
Primary Website	http://www.gonm.biz/Technology_Commercialization.aspx
Last Review	2014-09-15
Information Source	http://www.gonm.biz/uploads/files/AngelInvestmentCreditApplication.pdf

Summary

A taxpayer who files a New Mexico income tax return and who is a “qualified investor” may take a tax credit of up to $25,000 (25% of a qualified investment of not more than $100,000) for an investment made in a New Mexico company that is engaging in high-technology research or manufacturing. The taxpayer may claim the angel investment credit for up to two qualified investments in a taxable year, provided that each investment is in a different qualified business. Any portion of the tax credit remaining unused at the end of the taxpayer’s taxable year may be carried forward for three consecutive years.

Policy Contact

Contact Name	Kathy McCormick
Department	New Mexico Economic Development Department
Address	1100 St. Francis Drive
Address 2	Joseph Montoya Building, Ste. 1060
Place	Santa Fe, New Mexico
Zip/Postal Code	87504
Phone	(505) 670-6320
Email	Kathy.McCormick@state.nm.us