reglab/housing_qa huggingface dataset:
NM Stat § 7-2-15 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-15 - Repealed.

ANNOTATIONSRepeals. — Laws 1987, ch. 264, § 25B repealed 7-2-15 NMSA 1978, as enacted by Laws 1975, ch. 207, § 1, relating to rebate for gross receipts tax on medical and dental expenses, effective June 19, 1987.
NM Stat § 7-2-16 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-16 - Repealed.

ANNOTATIONSRepeals. — Laws 1990, ch. 49, § 20 repealed 7-2-16 NMSA 1978, as enacted by Laws 1986, ch. 110, § 1, relating to credits for solar or wind energy equipment installation effective May 16, 1990. For provisions of former section, see the 1989 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-16.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-16.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1990, ch. 49, § 20 repealed 7-2-16.1 NMSA 1978, as enacted by Laws 1981, ch. 180, § 2, relating to credits for solar capital investments, effective May 16, 1990. For provisions of former section, see the 1989 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-17 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-17 - Repealed.

ANNOTATIONSRepeals. — Laws 1990, ch. 49, § 20 repealed 7-2-17 NMSA 1978, as enacted by Laws 1977, ch. 114, § 1, relating to credits for solar or wind energy equipment installation, effective May 16, 1990. For provisions of former section, see the 1989 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-17.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-17.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1990, ch. 49, § 21 repealed 7-2-17.1 NMSA 1978, as enacted by Laws 1983, ch. 212, § 1, relating to tax credits for geothermal capital investments, effective January 1, 1991. For provisions of former section, see the 1989 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-18.3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.3 - Repealed.

ANNOTATIONSRepeals. — Laws 1998, ch. 95, § 5, effective January 1, 1998, and Laws 1998, ch. 99, § 3, effective May 20, 1998, both repealed 7-2-18.3 NMSA 1978, as enacted by Laws 1994, ch. 5, § 17. relating to credit for prescription drugs effective for taxable years beginning on or after January 1, 1999. For provisions of former section, see the 1997 NMSA 1978 on NMOneSource.com. The section was set out as repealed by Laws 1998, ch. 99, § 3. See 12-1-8 NMSA 1978.
NM Stat § 7-2-18.6 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.6 - Repealed.

ANNOTATIONSRepeals. — Laws 1999, ch. 217, § 4 repealed 7-2-18.6, as enacted by Laws 1999, ch. 217, § 1, relating to a job mentorship tax credit, effective January 1, 2002. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-18.7 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.7 - Tax rebate of property tax paid on property eligible for disabled veteran exemption; refund; limitation.

A. Any resident who files an individual New Mexico income tax return and paid property tax for the 1999 property tax year on property eligible for the property tax exemption authorized by Article 8, Section 15 of the constitution of New Mexico may claim a tax rebate for the amount of property tax paid. B. The tax rebate provided for in this section may be deducted from the taxpayer's New Mexico income tax liability for taxable year 2000. If the tax rebate exceeds the taxpayer's income tax liability, the excess shall be refunded to the taxpayer. C. The rebate provided for in this section may be claimed only on a return filed for taxable year 2000. D. A husband and wife who file separate returns for taxable year 2000 and could have filed a joint return for taxable year 2000 may each claim only one-half of the tax rebate that would have been allowed on the joint return. History: Laws 2000, ch. 64, § 1 and Laws 2000, ch. 78, § 1. ANNOTATIONSEffective dates. — Laws 2000, ch. 78 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective on May 17, 2000, 90 days after adjournment of the legislature. Compiler's notes. — Laws 2000, ch. 64, § 1 and Laws 2000, ch. 78, § 1, both effective May 17, 2000, enacted identical sections. The section was set out as enacted by Laws 2000, ch. 78, § 1. See 12-1-8 NMSA 1978.
NM Stat § 7-2-18.8 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.8 - Credit; certain electronic equipment.

A. A taxpayer who files an individual New Mexico income tax return, who is not a dependent of another individual, is licensed by the state to sell cigarettes, other tobacco products or alcoholic beverages and has purchased and has in use equipment that electronically reads identification cards to verify age, may claim a one-time credit in an amount equal to three hundred dollars ($300) for each business location the taxpayer has such equipment in use. B. The credit provided in this section may only be deducted from the taxpayer's New Mexico income tax liability for the taxable year. C. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the credit provided in this section that would have been allowed on a joint return. D. A taxpayer who otherwise qualifies and claims a credit pursuant to this section for equipment owned by a partnership or other business association of which the taxpayer is a member may claim a credit only in proportion to his interest in the partnership or association. The total credit claimed by all members of the partnership or association shall not exceed three hundred dollars ($300) in the aggregate for each business location for which the partnership or association has purchased equipment and has it in use. History: Laws 2001, ch. 73, § 1. ANNOTATIONSEffective dates. — Laws 2001, ch. 73 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2001, 90 days after adjournment of the legislature.
NM Stat § 7-2-18.9 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.9 - Repealed.

History: Laws 2002, ch. 91, § 1. ANNOTATIONSRepeals. — Laws 2002, ch. 91, § 3 repealed 7-2-18.9 NMSA 1978, as enacted by Laws 2002, ch. 91, § 1, relating to the solar market development tax credit, effective January 1, 2006. For provisions of former section, see the 2001 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-18.12 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.12 - Repealed.

ANNOTATIONSRepeals. — Laws 2005, ch. 91, § 2 repealed 7-2-18.12 NMSA 1978, as enacted by Laws 2004, ch. 99, § 1, relating to income tax credit for payments to care facilities, effective June 17, 2005. For provisions of former section, see the 2004 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-18.16 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.16 - Credit; special needs adopted child tax credit; created; qualifications; duration of credit.

A. A taxpayer who files an individual New Mexico income tax return, who is not a dependent of another individual and who adopts a special needs child on or after January 1, 2007 or has adopted a special needs child prior to January 1, 2007, may claim a credit against the taxpayer's tax liability imposed pursuant to the Income Tax Act. The credit authorized pursuant to this section may be referred to as the "special needs adopted child tax credit". B. A taxpayer may claim and the department may allow a special needs adopted child tax credit in the amount of one thousand dollars ($1,000) to be claimed against the taxpayer's tax liability for the taxable year imposed pursuant to the Income Tax Act. C. A taxpayer may claim a special needs adopted child tax credit for each year that the child may be claimed as a dependent for federal taxation purposes by the taxpayer. D. If the amount of the special needs adopted child tax credit due to the taxpayer exceeds the taxpayer's individual income tax liability, the excess shall be refunded. E. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the special needs adopted child tax credit provided in this section that would have been allowed on a joint return. F. As used in this section, "special needs adopted child" means an individual who may be over eighteen years of age and who is certified by the children, youth and families department or a licensed child placement agency as meeting the definition of a "difficult to place child" pursuant to the Adoption Act [Chapter 32A, Article 5 NMSA 1978]; provided, however, if the classification as a "difficult to place child" is based on a physical or mental impairment or an emotional disturbance the physical or mental impairment or emotional disturbance shall be at least moderately disabling. History: Laws 2007, ch. 45, § 10. ANNOTATIONSEffective dates. — Laws 2007, ch. 45, § 10, contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2007, 90 days after the adjournment of the legislature. Applicability. — Laws 2007, ch. 45, § 15 provided that Laws 2007, ch. 45, §10 apply to taxable years beginning on or after January 1, 2007.
NM Stat § 7-2-18.20 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-18.20 - Repealed.

ANNOTATIONSRepeals. — Laws 2007, ch. 204, § 20 repealed 7-2-18.20 NMSA 1978, as enacted by Laws 2007, ch. 204, § 5, relating to a tax credit for agricultural water conservation expenses, effective January 1, 2013. For provisions of former section, see the 2012 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-19 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-19 - Repealed.

ANNOTATIONSRepeals. — Laws 1990, ch. 49, § 19 repealed 7-2-19 NMSA 1978, as enacted by Laws 1965, ch. 202, § 12, relating to credit for taxes paid other states by nonresident individuals, effective May 16, 1990. For provisions of former section, see the 1989 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-20 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-20 - Information returns.

A. Pursuant to regulation, the secretary may require any person doing business in this state and making payments in the course of business to another person to file information returns with the department. B. The provisions of this section also apply to payments made by the state of New Mexico, by the governing bodies of any political subdivision of the state of New Mexico, by any agency, department or instrumentality of the state or of any political subdivision thereof and, to the extent permitted by law or pursuant to any agreement entered into by the secretary, to payments made by any other governmental body or by an agency, department or instrumentality thereof. History: 1953 Comp., § 72-15A-13, enacted by Laws 1965, ch. 202, § 13; 1981, ch. 37, § 30; 1983, ch. 213, § 6; 1990, ch. 49, § 11. ANNOTATIONSThe 1990 amendment, effective May 16, 1990, substituted "secretary" for "director" in Subsections A and B and "department" for "division" at the end of Subsection A. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation § 589. 85 C.J.S. Taxation § 1699.
NM Stat § 7-2-21 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-21 - Fiscal years permitted.

Any individual who files income tax returns under the Internal Revenue Code on the basis of a fiscal year shall report income under the Income Tax Act on the same basis. History: 1953 Comp., § 72-15A-14, enacted by Laws 1965, ch. 202, § 14; 1981, ch. 37, § 31. ANNOTATIONSCross references. — For returns and payment generally, see 7-2-12 NMSA 1978. For the Internal Revenue Code, see 26 U.S.C. § 1 et seq. Am. Jur. 2d, A.L.R. and C.J.S. references. — Section 52(a) of the Internal Revenue Code requiring receivers, trustees in bankruptcy or assignees operating business or property of corporations to make income tax returns and the like, 31 A.L.R.2d 877.
NM Stat § 7-2-21.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-21.1 - Accounting methods.

A taxpayer shall use the same accounting methods for reporting income for New Mexico income tax purposes as are used in reporting income for federal income tax purposes. History: 1978 Comp., § 7-2-21.1, enacted by Laws 1981, ch. 37, § 32. ANNOTATIONSEffective dates. — Laws 1981, ch. 37 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 1981, 90 days after the adjournment of the legislature. Cross references. — For accounting methods used by corporations, see 7-2A-11 NMSA 1978. For deduction of accounting services from gross receipts by corporation, see 7-9-69 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 578, 579. 85 C.J.S. Taxation § 1759.
NM Stat § 7-2-22 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-22 - Administration.

The Income Tax Act shall be administered pursuant to the provisions of the Tax Administration Act [Chapter 7, Article 1 NMSA 1978]. History: 1953 Comp., § 72-15A-15, enacted by Laws 1965, ch. 202, § 18; 1981, ch. 37, § 33. ANNOTATIONSCross references. — For provisions applicable to administration and enforcement, see 7-1-2 NMSA 1978.
NM Stat § 7-2-23 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-23 - Finding[; wildlife funds].

The legislature finds that it is in the public interest to provide additional wildlife funds to perpetuate the renewable wildlife resource of New Mexico that gives so much pleasure and recreation to all New Mexicans. This act [7-2-23 to 7-2-25 NMSA 1978] provides a means by which additional wildlife funds may be provided from a voluntary check-off designation of tax refunds due the taxpayer on the state income tax form. It is the intent of the legislature that this program of income tax refund check-off is supplemental to any other funding and is in no way intended to take the place of the funding that would otherwise be appropriated for this purpose. History: Laws 1981, ch. 343, § 1. ANNOTATIONSEffective dates. — Laws 1981, ch. 343 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 1981, 90 days after the adjournment of the legislature. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 7-2-24 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-24 - Optional designation of tax refund contribution [; game protection fund].

A. Except as otherwise provided in Subsection C of this section, any individual whose state income tax liability after application of allowable credits and tax rebates in any year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate any portion of the income tax refund due him to be paid into the game protection fund. In the case of a joint return, both individuals must make such designation. B. The department shall revise the state income tax form to allow the designation of such contributions in substantially the following form: "New Mexico Game Protection Fund - Check [ ] if you wish to contribute a part or all of your tax refund to the Game Protection Fund. Enter here $ ____________ the amount of your contribution." C. The provisions of this section do not apply to income tax refunds subject to interception under the provisions of the Tax Refund Intercept Program Act [Chapter 7, Article 2C NMSA 1978] and any designation made under the provisions of this section to such refunds is void. History: Laws 1981, ch. 343, § 2; 1987, ch. 277, § 4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 7-2-24.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-24.1 - Optional designation of tax refund contribution for tree plantings.

A. Except as otherwise provided in Subsection C of this section, any individual whose state income tax liability after application of allowable credits and tax rebates in any year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate any portion of the income tax refund due him to be paid into the conservation planting revolving fund. In the case of a joint return, both individuals must make such designation. B. The department shall revise the state income tax form to allow the designation of such contributions in substantially the following form: "Conservation Planting Revolving Fund - Check if you wish to [ ] contribute a part or all of your tax refund to the Conservation Planting Revolving Fund to pay for the planting of trees in New Mexico. Enter here $ __________ the amount of your contribution." C. The provisions of this section do not apply to income tax refunds subject to interception under the provisions of the Tax Refund Intercept Program Act [Chapter 7, Article 2C NMSA 1978] and any designation made under the provisions of this section to such refunds is void. History: 1978 Comp., § 7-2-24.1, enacted by Laws 1992, ch. 108, § 4. ANNOTATIONSEffective dates. — Laws 1992, ch. 108 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 20, 1992, 90 days after the adjournment of the legislature.
NM Stat § 7-2-24.2 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-24.2 - Optional designation of tax refund contribution; healthy soil program.

A. An individual whose state income tax liability after application of allowable credits and tax rebates in a year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate a portion of the income tax refund due to the individual to be paid to the board of regents of New Mexico state university for support of the healthy soil program in the New Mexico department of agriculture. In the case of a joint return, both individuals must make such a designation.B. The department shall revise the state income tax form to allow the designation of such contributions in the following form:"Healthy Soil Program - Check [ ] if you wish to contribute a part or all of your tax refund for the support of the healthy soil program in the New Mexico department of agriculture. Enter here $_________ the amount of your contribution.".C. The provisions of this section do not apply to income tax refunds subject to interception under the provisions of the Tax Refund Intercept Program Act, and any designation made under the provisions of this section to such refunds is void.History: Laws 2021, ch. 90, § 1. ANNOTATIONSEffective dates. — Laws 2021, ch. 90 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 18, 2021, 90 days after adjournment of the legislature. Applicability. — Laws 2021, ch. 90, § 2 provided that the provisions of Laws 2021, ch. 90, § 1 apply to taxable years beginning on or after January 1, 2021.
NM Stat § 7-2-25 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-25 - Repealed.

ANNOTATIONSRepeals. — Laws 1987, ch. 277, § 7 repealed 7-2-25 NMSA 1978, as enacted by Laws, 1981, ch. 343, § 3, relating to contributions credited to game protection fund, effective June 19, 1987.
NM Stat § 7-2-26 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-26 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 154, § 6 repealed 7-2-26 NMSA 1978, as enacted by Laws 1985, ch. 154, § 3, relating to distribution of the statue of liberty fund, effective December 31, 1986.
NM Stat § 7-2-27 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-27 - Repealed.

History: 1978 Comp., § 7-2-27, enacted by Laws 1987, ch. 257, § 2; repealed by 2016, ch. 7, § 4.ANNOTATIONSRepeals. — Laws 2016, ch. 7, § 4 repealed 7-2-27 NMSA 1978, as enacted by Laws 1987, ch. 257, § 2, relating to legislative findings and intent, effective May 18, 2016. For provisions of former section, see the 2015 NMSA 1978 on NMOneSource.com.
NM Stat § 7-2-28 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-28 - Optional designation of tax refund contribution.

A. Any individual whose state income tax liability in any year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate any portion of the income tax refund due to be paid into the veterans' state cemetery fund. In the case of a joint return, both individuals must make such designation. B. The secretary shall revise the state income tax form to allow the designation by individual taxpayers of such contributions in substantially the following form: "New Mexico Veterans' State Cemetery Fund Check [ ] if you wish to contribute a part or all of your tax refund to the Veterans' State Cemetery Fund. Enter here $___________ the amount of your contribution.". C. The provisions of this section do not apply to refund amounts intercepted under the Tax Refund Intercept Program Act [Chapter 7, Article 2C NMSA 1978], and any designation under the provisions of this section with respect to such intercepted refunds is void. History: 1978 Comp., § 7-2-28, enacted by Laws 1987, ch. 257, § 3; 2011, ch. 42, § 3; 2016, ch. 7, § 2. ANNOTATIONSDelayed repeals. — Laws 1987, ch. 257, § 6 repealed 7-2-28 NMSA 1978, as enacted by Laws 1987, ch. 257, § 3, relating to legislative findings and intent as to additional funds to increase the size of the Santa Fe national cemetery, effective on the January 1 of the year following the year on which the sum of contributions received on or after January 1, 1988, pursuant to 7-2-28 NMSA 1978, equals or exceeds $1,070,000. The 2016 amendment, effective May 18, 2016, changed the name of the veterans' national cemetery fund to the veterans' state cemetery fund; in Subsection A, after "veterans'", deleted "national" and added "state"; in Subsection B, after each occurrence of "Veterans'", deleted "National" and added "State". The 2011 amendment, effective June 17, 2011, made stylistic changes.
NM Stat § 7-2-28.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2 - Income Tax General Provisions|Section 7-2-28.1 - Veterans' state cemetery fund; created.

The "veterans' state cemetery fund" is created as a nonreverting fund in the state treasury. The fund consists of appropriations, gifts, grants, donations and amounts designated pursuant to Section 7-2-28 NMSA 1978. Money in the fund at the end of a fiscal year shall not revert to any other fund. The veterans' services department shall administer the fund, and money in the fund is appropriated to the veterans' services department. History: Laws 2011, ch. 42, § 1; 2016, ch. 7, § 3. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, changed the name of the veterans' national cemetery fund to the veterans' state cemetery fund, and removed a reference to a repealed section of the NMSA 1978; in the heading, after "veterans'", deleted "national" and added "state", in the first sentence, after ""veterans'", deleted "national" and added "state", and in the last sentence, after "services department", deleted "to carry out the intent of Section 7-2-27 NMSA 1978".