NM SB260

Creates a corporate income tax credit equal to 75% of donations made to public post-secondary institutions or school districts for workforce education programs, capped at $750,000 per taxpayer

Limits total annual tax credits certified statewide to $5 million, with applications processed in the order received

Applies to taxable years from January 1, 2026 through December 31, 2028

Tax credit certificates may be sold, exchanged, or transferred to other taxpayers at full value, with transfers reported to the department within 10 days

Excludes donations from taxpayers who are investors in or affiliated with entities contracted to provide the workforce education programs