Texas/Mexico Border Residents’ Tax Exemption « Back to Search Results
Texas/Mexico Border Residents’ Tax Exemption

Category: State Incentives, Tax Incentives


Non-resident employees may allocate their compensation to their home state. Since Texas does not have a personal income tax, Texas residents working at the New Mexico enterprise will not have to pay any state income tax on their compensation from the enterprise. The enterprise must be a manufacturer physically located within 20 miles of the Mexican border, and have at least 5 employees who are New Mexico residents and not be receiving Job Training Incentive Program funds.
 


Contacts

New Mexico Economic Development Department
http://www.gonm.biz/businessresources/Incentives.aspx