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    « Virginia is for Lovers -- The Enterprise Zone Program | Main | "Cheese, it's good!" -- Wisconsin's Job Creation Tax Credit »
    Monday
    Jul202009

    Go West, Young Man -- New Mexico's High Wage Tax Credit

    DateMonday, July 20, 2009 at 7:04AM

    New Mexico is home to many cool things: skiing, sun, and miraculous stairs.

    If these unique attractions aren't enough to entice you to the Land of Enchantment, New Mexico offers the...

    High Wage Jobs Tax Credit

    New Mexico will give qualifying companies 10% of the value of wages+benefits for jobs paying above $28,000 per year in rural areas and $40,000 per year in more urban areas.  (Note: "more urban" is relative.  In this case, it means "Area with population in excess of 40,000 persons).  The credit does have a limit.  It cannot exceed $12,000 per year, per job.

    However, the credit is available for 4 years and is refundable!

    Interested companies will need to file annual certificates for each of the applicable employees, but the paperwork should be well worth it!

    AuthorJennifer Crane | CommentPost a Comment |
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