| New Mexico MEP

What Manufacturing Means to America

admin April 10, 2014

Knowing things are running smoothly will give you peace of mind to focus on growing your business

admin January 13, 2014

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!

Click for Additional Business Services web page

NASCAR No. 22 Shell-Penske Ford Fusion Load-in

admin September 30, 2013

Manufacturing Day falls on Friday, October 4th this year.

New Mexico MEP’s Karen Converse talks exports on Let’s Talk Business New Mexico

admin September 13, 2013

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.

BE the IMPACT

admin July 31, 2013

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.

Inspection Arsenal CMM Work Holding and Loc-N-Load Fixture Plate System

admin May 14, 2013

Kay-Jay Products, Inc. is on a mission to “trigger” changes in the way CMM inspections are peformed. “Today’s CMM inspections no longer require the use of expensive, precise clamps, plates and complex fixtures,” according to Kay-Jay co-owner, Catherine Phillips. “Use of glue and tape should also be a thing of the past.”

“Heroes of American Manufacturing” and “Manufacturing is Cool”

admin February 25, 2013

This family-owned, tooling and injection molding manufacturer in Macomb County Michigan is the latest manufacturer featured in the Heroes of American Manufacturing video series. What started as one toolmaker in his garage, has grown into a 45 person company with a 70,000 square foot facility making prototype and low-volume production products for clients in medical, consumer packaging, automotive, and safety markets throughout the world. Learn more about how they successfully handled the recession and innovated into new markets with the help of their local MEP—the Michigan Manufacturing Technology Center. NIST’s Manufacturing Extension Partnership program (MEP) works with U.S. manufacturers to develop new products, identify new customers and reduce costs.

“If you think it’s the old Ford assembly line, you haven’t been staying in touch with manufacturing. Manufacturing has a home for almost everyone …” Listen to the case that this manufacturing leader makes for innovation and manufacturing careers. Based on the Heroes of American Manufacturing video featuring Omega Plastics—a family-owned, tooling and injection molding manufacturer in Michigan and how they successfully handled the recession and innovated into new markets with the help of their local MEP.

New Mexico MEP helps streamline manufacturing businesses

admin January 30, 2013

Karen Converse of New Mexico MEP talks about how the organization helps small and medium-sized businesses across the state reduce costs and increase revenue.

Did you know that legislation passed last year to reduce Gross Receipts tax on utilities used in the manufacturing process is now in effect?

admin January 13, 2013

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:
http://www.tax.newmexico.gov/Businesses/Gross-Receipts/Pages/Home.aspx

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
Corporate Headquarters
Albuquerque, NM 87158-1025

PNM will confirm the account information and send the forms back. Then, the forms should be mailed to NMTRD (details can be found at the website above).
NMTRD would be the one to decide if they will issue you a Type 12 NTTC. You can mail the NTTC back to PNM at the address listed above.
You will then be responsible to pay the NMTRD the appropriate taxes after PNM stops the tax collection.

Click here to see additional details at the website listed above.