{"data":{"id":"us-nm/7-9f-6","jurisdiction":"us-nm","citation":"7-9F-6","heading":"Eligibility requirements.","body":"A. A taxpayer conducting qualified research at a qualified facility and making qualified expenditures is eligible to claim the basic credit pursuant to the Technology Jobs and Research and Development Tax Credit Act.\nB. A taxpayer conducting qualified research at a qualified facility and making qualified expenditures is eligible to claim the additional credit pursuant to the Technology Jobs and Research and Development Tax Credit Act if:\n(1) the taxpayer increases the taxpayer's annual payroll expense at the qualified facility by at least seventy-five thousand dollars ($75,000) over the base payroll expense of the taxpayer;\n(2) the increase in Paragraph (1) of this subsection has not previously been used to meet the requirements of this subsection; and\n(3) there is at least a seventy-five-thousand-dollar ($75,000) increase in the taxpayer's annual payroll expense for every one million dollars ($1,000,000) in qualified expenditures claimed by the taxpayer in a taxable year in the same claim.","path":["Chapter 7 - Taxation","ARTICLE 9F Technology Jobs and Research and Development Tax Credit"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"6743127bced4bb79d767d62a1be30b9debfae3717f72f9147a3d14a6edb6c394","source_id":"us-nm","stale":false,"prev":"us-nm/7-9f-5","next":"us-nm/7-9f-7"},"notice":"GroundRules: Original legal text. Not legal advice."}