• Payment Options
    • Billing
    • Save Energy & Money Go Paperless
      • Multifamily Energy Efficiency Program
      • EV Rebates and Incentives
      • New Home Construction
      • New Homes
      • Budget Billing
      • Solar & Wind Energy
      • Move In / Out
        • Developer Information
        • Cancel Service
        • Developer Information
        • Developer Information
        • Start Service
        • href="https://www.pnm.com/nl/pnmskyblue?doAsUserId=Onuxe5xUltU%3D%2Fapply-for-grant%2Flogin%2Fquicklinks%2Flogin%2Fquicklinks%2Foutage%2Fquicklinks%2Flogin%2Flogin%2Fquicklinks%2Flogin%2Foutage%2Fquicklinks%2Fquicklinks%2Flogin%2Foutage%2Flogin%2Foutage%2Fquicklinks%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Fgood-neighbor-fund%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Fquicklinks%2Fgood-neighbor-fund%2Foutage%2Fgood-neighbor-fund%2Fquicklinks%2Fgood-neighbor-fund%2Fquicklinks%2Foutage%2Fquicklinks%2Foutage%2Fquicklinks%2Foutage%2Fquicklinks%2Fquicklinks%2Fgood-neighbor-fund" target="" title="PNM Sky Blue">PNM Sky Blue
        • PNM Sky Blue
        • Adding Another Account
        • Customer Solar Program
        • PNM Sky Blue
        • Customer Solar Program
        • PNM Sky Blue
        • Letter of Credit
        Rebates & Discounts
      • More Services
      • PNM Profiler
        • .pnm.com/nl/letter-of-credit?doAsUserId=Onuxe5xUltU%3D%2Fapply-for-grant%2Flogin%2Fquicklinks%2Flogin%2Fquicklinks%2Foutage%2Fquicklinks%2Flogin%2Flogin%2Fquicklinks%2Flogin%2Foutage%2Fquicklinks%2Fquicklinks%2Flogin%2Foutage%2Flogin%2Foutage%2Fquicklinks%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Fgood-neighbor-fund%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Foutage%2Fquicklinks%2Fgood-neighbor-fund%2Foutage%2Fgood-neighbor-fund%2Fquicklinks%2Fgood-neighbor-fund%2Fquicklinks%2Foutage%2Fquicklinks%2Foutage%2Fquicklinks%2Foutage%2Fquicklinks%2Fquicklinks%2Fgood-neighbor-fund" target="" title="Letter of Credit">
      Letter of Credit
 

If You Manufacture a Product, You Can Now Save on Taxes

In 2012, the New Mexico Legislature passed a law to give manufacturers a break on New Mexico Gross Receipts Taxes (NMGRT) paid to utilities. The law is intended to make New Mexico a better place to do business.

PNM collects NMGRT from customers on bills. Under the new law, companies are gradually being exempted from the portion of their utility usage directly related to the manufacturing process. NMGRT must still be paid on nonmanufacturing uses.

Manufacturing customers assume the responsibility for paying NMGRT directly to the state, self-reporting, and tracking which portion of their utilities is exempt. This allows PNM to eliminate all NMGRT from manufacturing customer bills.

What you need to do to take advantage of this tax deduction

You will need to complete and submit two forms to the N.M. Taxation and Revenue Department:

If you have questions about the manufacturing gross receipts tax deduction, please contact your local N.M. Taxation and Revenue Department office (tax.newmexico.gov). PNM cannot provide you with tax advice.