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

NM Sales Tax Incentive construction local government state government federal government installers/contractors retail supplier

Administered by: New Mexico Taxation & Revenue Department

Program Details

Program ID: 3980
Expiration Date: 7/1/2034
Last Updated: 8/26/2024

Eligibility

Eligible Sectors

construction local government state government federal government installers/contractors retail supplier

Eligible Technologies

solar thermal electric solar photovoltaics wind (all) wind (small)

Program 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.

Contact & Resources

Please verify current program details with the administering agency before making any financial decisions.