N.M. Admin. Code § 3.4.23.10

Current through Register Vol. 35, No. 21, November 5, 2024

Section 3.4.23.10 - APPLICATION REQUIREMENTS

A. The state tax credit is available for purchases of an electric vehicle, plug-in hybrid electric vehicle or fuel cell vehicle, or new leases of at least three years for one of these vehicles.

B. Applications for certification of the state tax credit shall be made no later than one year from the date on which the vehicle is purchased or the lease is entered into.

C. The application package shall meet the requirements of 3.4.23 NMAC. If an application package fails to meet a requirement, the department shall disapprove the application.

N.M. Admin. Code § 3.4.23.10

Adopted by New Mexico Register, Volume XXXV, Issue 18, September 24, 2024, eff. 9/24/2024