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
- 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.
New Mexico MEP will host three informative breakfast seminars focused on helping manufacturers and small businesses learn how to grow and expand their business, increase revenue and sales, and prepare their business for the future.
Be a part of a 20-minute presentation by New Mexico MEP and wrap up with a question and answer session.
Hosted at New Mexico MEP headquarters, 4501 Indian School Road Northeast, Suite 202, seating is limited and RSVPs are requested.
Details on each event are as follows:
Wednesday, September 5 – Innovation and Business Growth for the Manufacturing Industry, with speaker Matt Moser, Innovation Director with New Mexico MEP
Matt Moser speaks on the Innovation Engineering Management System, a tool to increase innovation speed and growth while decreasing risk.
Wednesday, October 3 – Growing Your Business through Exporting – Karen Converse, Innovation Director with New Mexico MEP
Recently highlighted in the New Mexico Business Weekly, Karen Converse speaks on ways to maximize your potential to export products to global markets.
Wednesday, November 7 – Legacy Planning for the Manufacturing Industry – speaker, Danny Armijo, Innovation Director with New Mexico MEP
Danny Armijo talks about businesses that have survived generations and gives an overview of how proper planning can help businesses thrive year after year.
Small manufacturers need MEP
The Importance of MEP
An Export Acceleration System for Achieving Profitable Growth
- Do you believe your product has international sales potential, but don’t know how to get started?
- Have you received international inquiries, but haven’t fully capitalized on them to generate significant sales growth?
- Would you like to shift from a reactive to a proactive approach to expanding international sales?
Contact us for details and to apply. Apply early, space is limited.
ISO 9001:2008 Preparation for Certification
The current session is scheduled through December 2015. Please contact us for information on future sessions.
The New Mexico Economic Development Department, in collaboration with the New Mexico Manufacturing Extension Partnership, is offering New Mexico 9000 training classes to prepare New Mexico businesses for ISO 9001 Certification.
New Mexico 9000 was created by the Economic Development Department to provide training and assistance to New Mexico businesses in preparing for ISO 90001:2008. Training will be broken into six half-day sessions over a 3-6 month period.
“This is a great opportunity for New Mexico businesses to access new customers, become more efficient and lower their operating costs,” said Jon Barela, New Mexico Economic Development Cabinet Secretary.
The New Mexico 9000 training program has been completed by 155 companies, creating over 1,000 new expansion jobs.
Trained professionals will conduct ISO 9001:2008 classes in:
- Internal Auditing
- Writing Standard Operating Procedures
- Writing Work Instructions
- Understanding the Standard
ISO is a general Quality Management System. Companies like INTEL, Boeing and many other companies are requiring that their first tier suppliers be ISO 9001 certified. In turn, those suppliers are requiring that their suppliers are ISO 9000 certified. In addition, government agencies, such as the Department of Defense, NASA and NNSA are also requiring ISO certification of their providers.
ISO 9000 standards have been adopted by 178 countries. There are now more than 1 million companies worldwide that have registered to the ISO standards. Costs associated with obtaining, maintaining, and renewing ISO registration are tax deductible.
The cost of the New Mexico 9000 training classes is based on annual company sales revenue, ranging from $550 to $3,300 for the training.
National Manufacturing Study Reveals New Trends, Steps for Success
The study, conducted by the Manufacturing Performance Institute, finds that this is a critical point in time for U.S. manufacturing, and manufacturers must assess whether they have the workforce, business systems, equipment and strategies in place to successfully compete in the future. While external factors, like the economic downturn present challenges, manufacturers can remain competitive by focusing on six strategies assessed by the NGM Study as a blueprint for success.
Society of Manufacturing Engineers Chapter 93 present
Geometric Dimensioning and Tolerancing Fundamentals workshop
A Fundamentals/Refresher Course based on the ASME Y14.5 Dimensioning and Tolerancing Standard
October 13-14, 2011
Presented by Tony Cimabue of Tech-Knowledgy for Design and Manufacturing LLC
This workshop is designed for engineers, designers, drafters, machinists, inspectors, manufacturing, quality engineers, students or any others interested in a greater understanding of engineering drawings with GD&T specifications.
This lively and informative workshop will cover the Fundamentals of GD&T based on the newly released ASME Y14.5 -2009 standard. The new standard simply clarifies and enhances many topics already in the existing ASME Y14.5M-1994 presently used in many companies today.
With a basic understanding of print reading, the attendees will be introduced to rules and terminology of GD&T as well as the symbols and their applications in this unique engineering language. They will be able to apply these concepts to their projects immediately after the first day of instruction. There are many examples and workshop exercises to test the participant’s skills.
To achieve the objectives listed above, this workshop provides many exercises and applications problems which ties the “textbook theory” to real world applications.
Students may also bring drawings that can be used for classroom discussions as time permits. Please bring a pencil and calculator.
$575/person for this 2 day workshop
Are you an SME member or full time student? Call us!
Most public GD&T seminars fees range from $695 to $1295 for a 2 day workshop
The Instructor: Anthony (Tony) Cimabue has over 38 years experience as a Senior Tool and Mechanical Designer which includes 16 years as a design/drawing checker, GD&T specialist and trainer. Tony graduated with a BS in Industrial Technology – Mechanical Design from Colorado State University–Pueblo and a AAS in Tool Design and Machining Technology from Pennsylvania College of Technology.
He developed his skills and expertise while employed at: Dana Corp, Gates Rubber Company, IBM, TRW Space Systems and at the Los Alamos National Laboratory.
Tony was a part-time faculty member at the University of New Mexico at Los Alamos and Northern New Mexico College providing instruction in Mechanical Drafting, Print Reading, GD&T, and Measurement and Inspection Practices for the Machinist Apprenticeship Program sponsored by the Los Alamos National Lab.
Tony is founder of Tech-Knowledgy for Design and Manufacturing LLC which provides training and consulting in print reading and engineering drawing standards, GD&T, and also provides drawing checking services for his clients. He is also a senior trainer for Technical Consultants Inc., a world premier GD&T training and consulting firm. Tony is an ASME Senior Level GD&T Professional and regularly attends the ASME Y14.5 (Dimensioning and Tolerancing) Committee meetings. He was also a past member of the ASME Y14.5.2 Certification Committee.
Companies that have benefited from Tony’s workshops; Los Alamos National Lab, W.L. Gore, KS Imaging,, Naval Surface Warfare Center, Mechtronics Solutions Inc., Tinker Air Force Base, Alphatec Spine, and Denso Automotive to name a few.
Learning Objectives/Course Outline:
Fastener Formulas and Screw Threads