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