Advanced Energy Product Definition

Became law

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Where it is in the process

Plain-English Summary

This bill changes the definition of "advanced energy product" for New Mexico's advanced energy equipment income tax credit and corporate income tax credit. It expands the types of products that qualify for these tax credits to include specific solar, wind, and battery components, fusion machine components, certain critical minerals, and inverters. These changes would apply to tax years starting on or after January 1, 2026, affecting individuals and corporations that manufacture these products in New Mexico.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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