The program was developed by two of the leading organizations that provide assistance to manufacturers – the MEP and the U.S. Export Assistance Centers of the U.S. Department of Commerce – and is offered in collaboration with numerous state trade offices and other regional partners throughout the country. The program involves a unique combination of group and individual work as well as personal coaching which allows companies to extract information that is critical to their export success.
Companies participate in three 1-day group session scheduled over a three-month period. Between each session, with the help of a coach, each company works on the development and implementation of their international growth plan. By the end of the program every company will have developed their own international growth plan and accelerated their export sales process.
We offer a wide range of business solutions which can offer the peace of mind you need. These are just a few of our other resources you may not know about!
In this radio show, Karen Converse and her hosts discuss how to “grow your business through exports.” New Mexico MEP are hosting ExporTech, a hands-on how-to for putting together a plan to export goods manufactured in New Mexico to other countries.
Edge Factor tells stories of extraordinary people. Impact is a collection of insights from the leaders we met along the way.
Have you ever thought about what you can do in your company, in your town, in your school? Consider how YOU might participate in Manufacturing Day this year. Go to mfgday.com to see how you can impact your community.
The forms needed to complete the process have just been released and you cannot become eligible for the reduction without submitting the attached forms. Sadly, it doesn’t look like any tax relief will be retroactive.
PNM’s email referenced: “taxes paid before PNM receives the authorized NTTC will be lost forever.” So, getting this into PNM and then on to Tax and Revenue quickly is your best option.
Below are parts of emails from correspondence between a New Mexico MEP Board member with PNM to outline the GRT change. This is all the info we currently have but your PNM rep and/or CPA should be able to answer any questions.
The legislature passed legislation last January to gradually remove the GRT charged on electricity, gas and water used up in the manufacturing process. There is a 20% reduction starting January 1, 2013, 40% in 2014 and so on until it is completely removed.
The importance of applying early is any tax paid to PNM before we get a NTTC (non taxable certificate) will be lost forever. There will not be much if any publicity about this reduction.
The NM Tax and Revenue Department has provided the attached final forms for the utilities-related manufacturing consumables deduction from Gross Receipts Tax.
A link to these forms and additional information will be posted at:
What follows is a brief summary of the process.
After filling out the forms, you can initially mail them to:
PNM Tax Dept Manufacturers Deduction
Albuquerque, NM 87158-1025