NEW MEXICO OFFICE OF
RECOVERY &
REINVESTMENT
INFORMATION • STATISTICS • REPORTS

BONDS

The Recovery Act creates new tax-exempt bonds and new tax-credit bonds to spur economic development and construction in a variety of areas. The act also modifies existing regulations and eases restrictions. New Mexico's total allocation for Recovery Act bonding authority is about $488 million.

Recovery Act bond programs include Build America Bonds, Qualified School Construction Bonds and Tribal Economic Development Bonds, among others.

Get more information about Recovery Act bond provisions from The Internal Revenue Service

TAX RELIEF

At the national level, roughly one-third of Recovery Act dollars are dedicated to tax relief for people and businesses. Current estimates show New Mexico will receive about $1.1 billion in tax credits from the Recovery Act, including the Making Work Pay Tax Credit, the First-Time Homebuyers Tax Credit, and one-time economic payments for veterans and seniors.

More information about Recovery Act tax credits can be accessed at the following links:

LOANS

Several loan and loan guarantee programs are also addressed by the Recovery Act, including the Renewable Energy Loan Guarantee program, U.S. Department of Agriculture loans and loan guarantees, and Small Business Administration loans.

For more information about loans please visit:

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