EXTEND TECHNOLOGY READINESS GRT CREDIT

HB 82 extends New Mexico's Technology Readiness Gross Receipts Tax Credit through 2035, allowing national laboratories operating in the state to claim tax credits for helping local businesses mature technologies developed at those labs. The credit covers qualified costs like lab staff wages, travel, and supplies, up to $150,000 per business annually and $5 million total per laboratory per year. To qualify, businesses must be registered in New Mexico, have licensed technology from a lab or be in a research partnership, and receive assistance not otherwise available at reasonable cost. This directly affects New Mexico's national laboratories (e.g., Los Alamos, Sandia) and qualifying businesses collaborating with them on technology development.