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

Program Gross Receipts Tax Exemption for Sales of Wind and Solar Systems to Government Entities
Category Financial Incentive
Implementing sector State
Last Update
State New Mexico
Administrator New Mexico Taxation & Revenue Department
Website http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/GRTExemptionGov.html
Technologies Solar Thermal Electric, Solar Photovoltaics

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.

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