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

August 26, 2024

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.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	New Mexico
Incentive Type:	Sales Tax Incentive
Web Site:
Administrator:	New Mexico Taxation & Revenue Department
Start Date:
Eligible Renewable/Other Technologies:	Solar Thermal Electric Solar Photovoltaics Wind (All) Wind (Small)
Incentive Amount:	100%

Authorities

Name:	N.M. Stat. § 7-9-54.3
Date Enacted:	2002 (subsequently amended)

Contact

Name:	Public Information - NM TRD
Organization:	New Mexico Taxation & Revenue Department
Address:	P.O. Box 630 Santa Fe NM 87504-0630
Phone:	(505) 827-0369
Email:	poffice@state.nm.us

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.