For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Reporting requirements; special fuel deduction; biodiesel

NMSA 1978, § 7-16A-9.4
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
7-16A-9.4. Reporting requirements; special fuel deduction; biodiesel A. A taxpayer that deducts an amount of special fuel that is biodiesel from the total amount of special fuel received in New Mexico pursuant to Paragraph (2) of Subsection H of Section 7-16A-10 NMSA 1978 shall report the deducted amount separately with the taxpayer's return in a manner prescribed by the department. B. The deduction provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the deduction. Laws 2013, ch. 109, § 3; 2025, ch. 130, § 97.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-16A-9.4Fetched: 10/20/2026

Starting a business in New Mexico? New Mexico LLC guide: costs and requirements