N.M. Admin. Code § 3.4.24.15

Current through Register Vol. 35, No. 20, October 22, 2024

Section 3.4.24.15 - CALCULATING THE STATE TAX CREDIT

A. The tax credit is limited to the purchase and the installation labor cost for the clean car charging unit, whichever is less.

B. The amount of tax credit shall be:

(1) For a direct current fast charger or fuel cell charging unit, $25,000 or the cost to purchase and install the direct current fast charger or fuel cell charging unit, whichever is less.

(2) For all other electric vehicle charging units, $400 or the cost to purchase and install the electric vehicle charging unit, whichever is less.

N.M. Admin. Code § 3.4.24.15

Adopted by New Mexico Register, Volume XXXV, Issue 17, September 10, 2024, eff. 9/10/2024