Biodiesel Blending Facility Loading Fee Deduction

In calculating the annual petroleum products loading fee, a facility owner may deduct the number of biodiesel gallons delivered to be blended into petroleum products. The total deducted amount must be documented in the tax return associated with the facility in a format the New Mexico Taxation and Revenue Department approves. For more information, see the Conservation & Preservation Tax Credits website.

(Reference New Mexico Statutes 7-13A-5)

Jurisdiction: New Mexico

Type: State Incentives

Enacted: Mar 5, 2014

Technologies: Biodiesel

See all New Mexico Laws and Incentives.