US lawNew MexicoRegulationsTitle 3 — TAXATIONChapter 13 — BUSINESS TAX CREDITSPart 2 — INVESTMENT TAX CREDIT3.13.2.13 NMAC3.13.2.13 NMACSection 13. Application Of The CreditLast amended: 2000Year: 2000Length: 25 wordsOfficial source The credit allowed by Section 7-9A-8 NMSA 1978 may not be applied against any local option gross receipts tax imposed by a county or municipality.Previous3.13.2.12 NMACNext3.13.2.14 NMAC