Single Sales Factor for Manufacturers & HQ Operations
New Mexico provides a single sales factor apportionment for corporations whose principal business is manufacturing, fully phased in by 2018. New Mexico recently expanded the single sales factor to include headquarters and regional headquarter operations. The five-year policy changes are as follows: double-weighted sales in 2014; triple-weighted sales in 2015; 70% sales in 2016; 80% sales in 2017; and single sales in 2018.

{{RELATEDLINKS}} Job Training Incentive Program:
Widely regarded as one of the most effective in the country, the Job Training Incentive Program provides classroom and on-the-job training, paying from 50 percent to 75 percent (depending on job skill level, pay scale, and geographic location) of employee training costs and wages for an expanding or relocating business for up to six months.Custom training at a New Mexico public educational institution may also be covered.

New Mexico State Contact: Steve Vierck, CEcD, President & CEO
Email: svierck@nmpartnership.com

Eric CdeBaca, Vice President, Business Development
Email: ecdebaca@nmpartnership.com Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings. This information was last updated January 2016.