N.M. Admin. Code § 3.13.2.8

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.13.2.8 - INDUSTRIAL REVENUE BONDS

A. Any equipment that is placed into service on or after January 1, 1991, under the provisions of either the Industrial Revenue Bond Act or the County Industrial Revenue Bond and that otherwise meets the requirements of the Investment Credit Act is "qualified equipment" for the purpose of the Investment Credit Act.

B. Tangible personal property placed into service prior to January 1, 1991, under the provisions of either the Industrial Revenue Bond Act or the County Industrial Revenue Bond Act is not "equipment" for the purpose of the Investment Credit Act.

3.13.2.8 NMAC - Rp 3 NMAC 13.6.8, 4/28/2000