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
See all New Mexico Laws and Incentives.