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Effective July 1, 2007--A taxpayer who files a New Mexico income tax return and who is a "qualified investor" may take a tax credit of up to $25,000 (25 percent of a qualified investment of not more than $100,000) for an investment made in a New Mexico company that is engaging in high-technology research or manufacturing. The taxpayer may claim the Angel Investment Credit for up to two qualified investments in a taxable year, provided that each investment is in a different qualified business. Any portion of the tax credit remaining unusued at the end of the taxpayer's taxable year may be carried forward for three consecutive years.
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