Solar & Battery Regulation & Incentive Programs

Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities

Program Overview

Category:: Financial Incentive
Program Type:: Sales Tax Incentive
Implementing Sector:: State
State:: New Mexico
Eligible Storage Technologies:: Solar Thermal Electric, Solar Photovoltaics, Wind (All), Wind (Small)
Website:: http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/GRTExemptionGov.html
Incentive Amount:: 100%
Administrator:: New Mexico Taxation & Revenue Department
Applicable Sectors:: Construction, Local Government, State Government, Federal Government, Installers/Contractors, Retail Supplier
Last Updated:: 07/31/2020

Summary

New Mexico has a gross receipts tax structure for businesses instead of a sales tax. Businesses are taxed on the gross amount of their business receipts each year before expenses are deducted. Receipts associated with the sale of certain wind turbine equipment to federal, state, or local government entities are exempt from being added to gross receipts. S.B. 201, signed in March 2010, extended this exemption to solar thermal electric and photovoltaic systems sold to a government on or after July 1, 2010.

Authorities

Name	Enacted Date	Effective Date	Expired Date
N.M. Stat. § 7-9-54.3	2002 (subsequently amended)