Agricultural Biomass Income Tax Credit (Personal)
Quick Summary
New Mexico dairy and feedlot operators can earn a $5 tax credit per wet ton of manure transported to facilities that generate electricity or produce fuel, with credits available for biomass delivered between January 1, 2011 and January 1, 2030. To claim the credit, you must apply to the Taxation and Revenue Department and obtain a Certificate of Transportation, then report the credit on your personal income tax return using the required forms.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 4496
- Effective Date
- 1/1/2011
- Expiration Date
- 1/1/2030
- Last Updated
- 3/21/2026
Eligibility
Incentive Amount
$5 million per year
Program Summary
H.B. 171 of 2010 created a tax credit for agricultural biomass from a dairy or feedlot transported to a facility that uses agricultural biomass to generate electricity or make biocrude or other liquid or gaseous fuel for commercial use. For the purposes of this tax credit, agricultural biomass means wet manure. The Energy, Minerals and Natural Resources Department may adopt additional specifications for agricultural biomass through a rule making process. The credit is effective for biomass originating between January 1, 2011, and January 1, 2030. The credit is worth $5 per wet ton. Eligible projects must apply to the Taxation and Revenue Department for the credit. The Taxation and Revenue Department is authorized to distribute $5,000,000 in credits annually and will award a qualification document to eligible projects on a first-come, first-served basis.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.