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Greater Belen EDC
100 South Main St
Belen NM 87002
(505) 864-8221
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INCENTIVES
Incentives for Aerospace and Aircraft Industries:
Aircraft Manufacturing Tax Deduction
This incentive provides a gross receipts tax deduction for sale of aircraft by an aircraft manufacturer. To be deductible, sale must be by manufacturer; sale made by someone other than a manufacturer may still be taxable.
Aircraft Refurbishing or Remodeling Tax Deduction
Receipts from maintaining, refurbishing, remodeling, or otherwise modifying a commercial or military carrier (aircraft) over 10,000 pounds gross landing weight may be deducted from gross receipts.
Spaceport Tax Deductions
There are three separate deductions connected with the operation of a spaceport in New Mexico. The three deductions are:
- Receipts from launching, operating, or recovering space vehicles or payloads
- Receipts from preparing a payload in New Mexico
- Receipts from operating a spaceport in New Mexico
Back to Incentives Index
More on New Mexico's Business Incentives at :
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