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

New Mexico Tax Incentive

program 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.

eligible technologies

Solar Photovoltaics, Solar Thermal Electric, Wind (All), Wind (Small)

program administrator

New Mexico Taxation & Revenue Department

program timeline

Program end date: 2034-07-01

program notes

2025-09-26 20:29:36: Annual review; updated links.
2024-08-26 16:20:27: Annual review; new sunset date of July 1, 2034.
2023-03-24 17:58:24: Annual review; removed website http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/GRTExemptionGov.html , updated contact information.
2021-03-11 20:54:42: Annual review; no changes.
2020-07-31 15:18:41: Annual Review, no changes
2019-07-01 16:09:35: Annual review; no policy changes. Updated links.
2017-05-26 15:05:47: Annual review; no policy changes.
2016-01-13 21:05:25: Annual review; no policy changes. Updated contact.