reglab/housing_qa huggingface dataset:
NM Stat § 7-2F-3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-3 - Purposes; goals.

The purposes and goals of the Film Production Tax Credit Act are to: A. establish the film industry as a permanent component of the economic base of New Mexico; B. develop a pool of trained professionals and businesses in New Mexico to supply and support the film industry in the state; C. increase employment of New Mexico residents; D. improve the economic success of existing businesses in New Mexico; and E. develop the infrastructure in the state necessary for a thriving film industry. History: Laws 2011, ch. 165, § 4; 2016, ch. 77, § 3. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, in the introductory sentence, after "Tax Credit", added "Act".
NM Stat § 7-2F-5 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-5 - Assignment.

A. A film production company that is eligible to receive a credit pursuant to the Film Production Tax Credit Act may assign the payment of an authorized film production tax credit or a film and television tax credit to a third-party financial institution, or to an authorized third party, one time in a full or partial amount. If the parties to the assignment have complied with the procedures established by the taxation and revenue department for the assignment of a film production tax credit payment, the department shall remit to the institution that amount of tax credit approved by the department that would otherwise be remitted to the company. B. For the purposes of this section: (1) "authorized third party" means an entity that: (a) holds the rights to a film for which a film production tax credit may be claimed; and (b) initiates that film's production; and (2) "financial institution" means: (a) a fund purposely created to produce a film; or (b) a bank, savings institution or credit union that is organized or chartered pursuant to the laws of New Mexico or the United States and that files a New Mexico income tax return. History: Laws 2015, ch. 62, § 1; 2016, ch. 77, § 5. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, allowed a film production company to assign payment of a film and television tax credit to a third-party financial institution; in Subsection A, after "eligible to receive a", deleted "film production tax", after "credit", added "pursuant to the Film Production Tax Credit Act", and after "an authorized film production tax credit", added "or a film and television tax credit". Applicability. — Laws 2015, ch. 62, § 2 provided that Laws 2015, ch. 62, § 1 apply to taxable years beginning on or after January 1, 2015.
NM Stat § 7-2F-7 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-7 - Additional credit; television pilots and series.

A. In addition to the credit provided by Section 7-2F-6 NMSA 1978, an additional five percent shall be applied in calculating the amount of the film and television tax credit to direct production expenditures, except as provided in Subsections C and D of this section, on: (1) a standalone pilot intended for series television in New Mexico; and (2) series television productions intended for commercial distribution with an order for at least six episodes in a single season; provided that the New Mexico budget for each of those six episodes is fifty thousand dollars ($50,000) or more. B. A film production company applying for an additional credit pursuant to this section shall not be eligible for the additional credit pursuant to Section 7-2F-8 NMSA 1978. C. Direct production expenditures that are payments to a nonresident performing artist in a standalone pilot shall not be eligible for the additional credit pursuant to this section. D. Payments to a nonresident performing artist for a television series may be eligible for the additional credit pursuant to this section; provided that: (1) a television series completes at least one season of the scheduled episodes for that series in New Mexico; (2) the film production company certifies the intention to produce a subsequent season to the series described in Paragraph (1) of this subsection in New Mexico; and (3) the film production company, or its parent company, produces or begins production of an additional eligible television series in New Mexico during the same film production company's taxable year as the television series. Payments to a nonresident performing artist for the additional television series may also be eligible for the additional credit pursuant to this section. History: Laws 2015, ch. 143, § 6; 2016, ch. 77, § 7. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, clarified citations to the NMSA 1978 within the section; in Subsection A, in the introductory sentence, deleted "5 of this 2015 act" and added "7-2F-6 NMSA 1978"; and in Subsection B, deleted "7 of this 2015 act" and added "7-2F-8 NMSA 1978".
NM Stat § 7-2F-8 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-8 - Additional credit; qualified production facilities.

A. In addition to the credit provided by Section 7-2F-6 NMSA 1978, an additional five percent shall be applied in calculating the amount of the film and television tax credit to direct production expenditures that are directly attributable and paid to a New Mexico resident who is hired as industry crew, or who is hired as a producer, writer or director working directly with the physical production and has filed a New Mexico income tax return as a resident in the two previous taxable years. The direct production expenditures shall be on a production with a total new budget of: (1) not more than thirty million dollars ($30,000,000) that shoots at least ten principal photography days in New Mexico at a qualified production facility; provided that a film production company shall: (a) shoot at least seven of those days at a sound stage that is a qualified production facility and the remaining number of required days, if any, at a standing set that is a qualified production facility; and (b) for each of the ten days, include industry crew working on the premises of those facilities for a minimum of eight hours within a twenty-four-hour period; or (2) thirty million dollars ($30,000,000) or more that shoots at least fifteen principal photography days in New Mexico at a qualified production facility; provided that a film production company shall: (a) shoot at least ten of those days at a sound stage that is a qualified production facility and the remaining number of required days, if any, at a standing set that is a qualified production facility; and (b) for each day of the fifteen days, include industry crew working on the premises of the facility for a minimum of eight hours within a twenty-four-hour period. B. A film production company that receives an additional credit pursuant to Section 7-2F-7 NMSA 1978 shall not be eligible for the additional credit pursuant to this section. History: Laws 2015, ch. 143, § 7; 2016, ch. 77, § 8. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, clarified citations to the NMSA 1978 within the section; in Subsection A, in the introductory paragraph, deleted "5 of this 2015 act" and added "7-2F-6 NMSA 1978"; and in Subsection B, deleted "6 of this 2015 act" and added "7-2F-7 NMSA 1978".
NM Stat § 7-2F-10 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-10 - Payments for performing artists; credit limitation.

That amount of a film and television tax credit for the total payments of direct production expenditures for the services of performing artists shall not exceed five million dollars ($5,000,000) for services rendered by nonresident performing artists and featured resident principal performing artists in a production. This limitation shall not apply to the services of background artists and resident performing artists who are not cast in industry standard featured principal performer roles. History: Laws 2015, ch. 143, § 9. ANNOTATIONSEffective dates. — Laws 2015, ch. 143 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2015, 90 days after the adjournment of the legislature.
NM Stat § 7-2F-11 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-11 - Requirements to contract with certain vendors.

A. A film production company shall make reasonable efforts, as determined by the division, to contract with a specialized vendor whose ordinary course of business directly relates to a standard industry craft inventory and that: (1) provides services; (2) provides inventory, for sale or lease, that is maintained in New Mexico and represented by the specialized vendor; or (3) subcontracts similar standard industry craft inventory from other businesses with or without physical presence. B. If a film production company does not contract with a specialized vendor, but contracts with a vendor that provides services, does not sell or lease standard industry craft inventory and outsources inventory from out-of-state businesses for a film production company, the film production company shall provide documentation of reasonable efforts made to find a specialized vendor. History: Laws 2015, ch. 143, § 10. ANNOTATIONSEffective dates. — Laws 2015, ch. 143 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2015, 90 days after the adjournment of the legislature.
NM Stat § 7-2F-14 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-14 - Additional amounts to be applied in calculating credit amounts; expenditures made in certain areas of the state; television pilots and series.

A. In addition to the percentage of direct production expenditures and postproduction expenditures calculated pursuant to Section 7 of this 2019 act, an additional five percent shall be applied for payments for direct production expenditures and postproduction expenditures:(1) for work, services or items provided on location for a production of a film or commercial audiovisual product that is located in New Mexico but at least sixty miles outside of the exterior boundaries of certain counties; and(2) for either of the following:(a) on a standalone pilot intended for series television in New Mexico or on series television productions intended for commercial distribution with an order for at least six episodes in a single season; provided that the New Mexico budget for each of those six episodes is fifty thousand dollars ($50,000) or more; or(b) on a production in a qualified production facility.B. As used in this section, "certain counties" includes counties with a net taxable value of property for property taxation purposes of greater than six billion dollars ($6,000,000,000).History: Laws 2019, ch. 87, § 8. ANNOTATIONSEffective dates. —Laws 2019, ch. 87, § 12 made Laws 2019, ch. 87, § 8 effective July 1, 2019.Applicability. — Laws 2019, ch. 87, § 11 provided that:A. The provisions of Sections 4 [7-2F-2 NMSA 1978] and 7 through 9 [7-2F-13, 7-2F-14, 7-2F-15 NMSA 1978] of this act apply to film production companies that commence principal photography for a film or commercial audiovisual product on or after July 1, 2019.B. The provisions of Sections 7-2F-2.1 and 7-2F-6 through 7-2F-11 NMSA 1978 shall not apply to a film production company that commences principal photography for a film or commercial audiovisual product on or after July 1, 2019.
NM Stat § 7-2F-15 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2F - Film Production Tax Credit|Section 7-2F-15 - Nonresident below-the-line crew credit.

A. film production company may apply for, and the taxation and revenue department may allow, a tax credit in an amount equal to fifteen percent of the payment of wages for below-the-line crew who are not New Mexico residents, that are directly attributable to the production in New Mexico of a film or commercial audiovisual product for which the film production company is claiming a new film production tax credit; provided that:(1) the service for which payment is made is rendered in New Mexico;(2) the total eligible wages for below-the-line crew who are not New Mexico residents are:(a) not more than fifteen percent of the production's total New Mexico budget for below-the-line crew wages; or(b) as determined by the division, up to twenty percent of the production's total New Mexico budget for below-the-line crew wages; provided that sufficient and qualified below-the-line crew who are New Mexico residents are not available. A film production company that is approved for the additional credit by meeting the requirements of this paragraph shall make a financial or promotional contribution toward educational, media-related nonprofit or workforce development efforts in New Mexico, as determined by the division; and(3) the film production company makes financial or promotional contributions toward educational or workforce development efforts in New Mexico as determined by the division, including: (a) a payment to a New Mexico educational institution that administers at least one industry-recognized film or multimedia program, as determined by the division, equal to at least two and one-half percent of the direct production expenditures for the payment of wages, fringe benefits and per diem for nonresident industry crew made by the film production company to nonresident industry crew; or (b) promotion of the New Mexico film industry by directors, actors or producers affiliated with the film production company's project through: 1) social media that is managed by the state; 2) radio interviews facilitated by the division; 3) enhanced screen credit acknowledgments; or 4) related events that are facilitated, conducted or sponsored by the division.B. The credit provided by this section may be referred to as the "nonresidential below-the-line crew credit.History: Laws 2019, ch. 87, § 9. ANNOTATIONSEffective dates. —Laws 2019, ch. 87, § 12 made Laws 2019, ch. 87, § 9 effective July 1, 2019.Applicability. — Laws 2019, ch. 87, § 11 provided that:A. The provisions of Sections 4 [7-2F-2 NMSA 1978] and 7 through 9 [7-2F-13, 7-2F-14, 7-2F-15 NMSA 1978] of this act apply to film production companies that commence principal photography for a film or commercial audiovisual product on or after July 1, 2019.B. The provisions of Sections 7-2F-2.1 and 7-2F-6 through 7-2F-11 NMSA 1978 shall not apply to a film production company that commences principal photography for a film or commercial audiovisual product on or after July 1, 2019.
NM Stat § 7-2G-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2G - New Mexico Filmmaker Tax Credit (Repealed.)|Section 7-2G-1 - Repealed.

History: Laws 2005, ch. 337, § 1; Laws 2006, ch. 78, § 3.ANNOTATIONSRepeals. — Laws 2006, ch. 78, § 3 repealed 7-2G-1 NMSA 1978, as enacted by Laws 2005, ch. 337, § 1, relating to the New Mexico filmmaker tax credit, effective July 1, 2006. For provisions of former section, see the 2005 NMSA 1978 on the NMOneSource.com.
NM Stat § 7-2H-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2H - Native American Veterans' Income Tax Settlement Fund|Section 7-2H-1 - Legislative findings.

A. Native Americans have had a long history of serving their country through active duty in the armed forces of the United States during periods of both war and peace and have made great sacrifices in serving their country through active duty in the military during periods of war and peace. B. Native American veterans domiciled within the boundaries of their tribal lands or their spouse's tribal lands during their periods of active military service may have been exempt from paying state personal income taxes on their military income, but may have had state personal income taxes withheld from their military income. C. Native American veterans now are barred by the state statute of limitations from claiming refunds of state personal income taxes that may have been withheld from their military income when they were domiciled within the boundaries of their tribal lands or their spouse's tribal lands during the period of their active military duty, and even if not barred by the statute of limitations, the passage of time extending to decades will make it difficult for many Native American veterans to meet strict standards of proof that they are entitled to a refund of withheld state personal income taxes. D. It is incumbent upon the state to ensure that it was not unjustly enriched by the withholding of state personal income taxes from Native American veterans who were domiciled within the boundaries of their tribal lands or their spouse's tribal lands during the period of their active military duty, and the state should implement a feasible means of refunding to Native American veterans any state personal income taxes that were withheld from military income while they were domiciled within the boundaries of their tribal lands or their spouse's tribal lands during the period of their active military duty. History: Laws 2008, ch. 89, § 1; 2009, ch. 289, § 1. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, in Subsection B, after "veterans domiciled", deleted "on" and added "within the boundaries of their tribal lands or their spouse's tribal lands" and after "personal income taxes", deleted "improperly"; in Subsection C, in two places, before "withheld", deleted "improperly"; and between "military income" and "and even if not barred", added new language; in Subsection D, in two places, before "withheld", deleted "improperly"; between "Native American veterans" and "and the state should implement", added new language; and after "withheld from military", added the remainder of the sentence.
NM Stat § 7-2H-2 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2H - Native American Veterans' Income Tax Settlement Fund|Section 7-2H-2 - Definition.

As used in Chapter 7, Article 2H NMSA 1978, "fund" means the Native American veterans' income tax settlement fund. History: Laws 2008, ch. 89, § 2; 2009, ch. 289, § 2. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, deleted Subsection A, which defined "department"; and deleted Subsection C, which defined "secretary".
NM Stat § 7-2H-4 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 2H - Native American Veterans' Income Tax Settlement Fund|Section 7-2H-4 - Duties of the secretary.

A. The secretary of veterans' services shall conduct a study in cooperation with the taxation and revenue department to determine whether Native American veterans who were domiciled within the boundaries of their tribal lands or their spouse's tribal lands during the period of their active military duty had state personal income taxes withheld from their military income and if so, to determine the amount of such state personal income taxes withheld and the number and identity of Native American veterans or their survivors affected by the withholding of such state personal income taxes. B. The secretary of taxation and revenue and the secretary of veterans' services shall promulgate rules for a state program to compensate Native American veterans or their survivors for state personal income taxes withheld from military income while on active military duty and domiciled within the boundaries of the veteran's or the veteran's spouse's tribal lands. C. The secretary of taxation and revenue shall report to the appropriate interim legislative committee no later than October 1 of each year regarding estimates of the amount of state personal income taxes withheld from the military income of Native American veterans domiciled on their respective tribal lands, the number of Native American veterans or their survivors affected by such withholding of state personal income taxes, total expenditures from the fund for the previous fiscal year and the anticipated appropriations to the fund needed to pay for settlements to be entered into for the next fiscal year. History: Laws 2008, ch. 89, § 4; 2009, ch. 289, § 4. ANNOTATIONSThe 2009 amendment, effective June 19, 2009, in Subsection A, after "secretary", added "of veterans' services"; after "Native American veterans who are domiciled", deleted "on" and added "within the boundaries of their tribal lands or their spouse's"; after "withheld from their", deleted "pay" and added "military income"; before "withheld", deleted "improperly"; and before "withholding", deleted "improper"; in Subsection B, after "The secretary", added "of taxation and revenue and the secretary of veterans' affairs"; before "withheld", deleted "improperly"; and after "active military duty", added the remainder of the sentence; and in Subsection C, after "The secretary", added "of taxation and revenue"; before "withheld", deleted "improperly"; and after "Native American veterans", added "domiciled on their respective tribal lands".
NM Stat § 7-3-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 3 - Income Tax Withholding|Section 7-3-1 - Short title.

Chapter 7, Article 3 NMSA 1978 may be cited as the "Withholding Tax Act". History: 1953 Comp., § 72-15-49, enacted by Laws 1961, ch. 243, § 1; 1979, ch. 29, § 1. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation § 602. 85 C.J.S. Taxation §§ 1779 to 1780.
NM Stat § 7-3-4 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 3 - Income Tax Withholding|Section 7-3-4 - Deductions considered taxes.

Amounts deducted under the provisions of the Withholding Tax Act shall be a collected tax. No employee shall have a right of action against the employer for any amount deducted and withheld from the employee's wages. No individual who has instructed a payor to deduct and withhold an amount from the pension or annuity due that individual shall have a right of action against a payor for any amount deducted and withheld pursuant to the instruction. No wagerer who receives winnings that are subject to withholding shall have a right of action against the person who deducted and withheld an amount from the wagerer's winnings for the amount deducted and withheld. History: 1953 Comp., § 72-15-52, enacted by Laws 1961, ch. 243, § 4; 1971, ch. 27, § 1; 1990, ch. 64, § 3; 1996, ch. 16, § 5. ANNOTATIONSCross references. — For right of action for gambling losses, see 44-5-1 NMSA 1978. The 1996 amendment, effective April 1, 1996, added the last sentence. The 1990 amendment, effective July 1, 1990, added the second sentence and made minor stylistic changes in the first sentence. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 530, 531, 596 to 607. Construction, application and effect, with respect to withholding, social security and unemployment compensation taxes, of statutes imposing penalties for tax evasion or default, 22 A.L.R.3d 8. 85 C.J.S. Taxation §§ 1756 to 1759, 1779 to 1780, 1763 to 1764.