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

Eligibility 
Construction
Fed. Government
Installer/Contractor
Local Government
Retail Supplier
State Government
Savings Category 
Photovoltaics
Program Info
State 
New Mexico
Program Type 
Sales Tax Incentive
Rebate Amount 

100%

Provider 
New Mexico Energy, Minerals and Natural Resources Department

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. Senate Bill 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.