Tax Advantages in San Juan County Let Your Business Keep More of its Hard-Earned Profit
Keep more of your hard-earned profit in San Juan County!
San Juan County has a favorable business environment, starting with tax advantages of being in New Mexico.
- No tax on property-in-transit through the state
- No tax on property warehoused for delivery out-of-state
- No inventory tax
- No gross receipts tax on manufacturing consumables, including electricity and natural gas
- No intangible property tax
- No tax on real estate transactions
- No estate, inheritance, or gift taxes
Historically, New Mexico has one of the lowest property taxes in the nation, ranked 2nd-best in the country in the Tax Foundation 2025 State Tax Competitiveness Index.
Looking for more information on:
- Industry-specific tax incentives? Try the New Mexico Economic Development Department.
- Specific tax information? Go to the New Mexico Taxation and Revenue Department website.
Please contact the 4CED staff to help identify resources and advisors with expertise in assisting business owners.
In addition, there are many programs at the county, state and tribal levels designed to help area business development, employee training and workforce development through tax abatement assistance.
Job Training Incentive Program
New Mexico has one of the most generous training incentive programs in the country. The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for newly-created jobs in expanding or relocating businesses for up to 6 months. The program reimburses 50-90% of employee wages. Custom training at a New Mexico public educational institution may also be reimbursed.
The New Mexico State Legislature created JTIP, formerly known as the Industrial Development Training Program, or “in-plant training,” in 1972. Since its inception in 1972, JTIP has supported creating more than 1,600 training projects and nearly 47,000 jobs.
Local Economic Development Act
New Mexico’s Local Economic Development Act (LEDA) administers grants to local governments (municipality and/or county) to assist expanding or relocating businesses that are Qualified Entities that will stimulate economic development and produce public benefits pursuant to LEDA. All grants are funded on a strictly reimbursement basis.
This credit can be applied to taxes due on state gross receipts, corporate income or personal income tax. Rural New Mexico is defined as any part of the state other than Los Alamos County; certain municipalities: Albuquerque, Rio Rancho, Farmington, Las Cruces, Roswell, and Santa Fe; and a 10-mile zone around those select municipalities.
San Juan County has five opportunity zones, each with a set of focus areas on desired economic development categories.
Designation as an Opportunity Zone allows for the creation of a new class of investment vehicle with tax advantages authorized to aggregate and deploy private investment located in Opportunity Zones. The purpose of these tax advantages is to attract capital investment into economically underdeveloped areas.
