Team Specialty Products, Inc. v. New Mexico Taxation & Revenue Department

OPINION

SUTIN, Judge.

{1} The Taxation and Revenue Department of the State of New Mexico (the Department) denied an application by Team Specialty Products, Inc. (Taxpayer) for a tax credit under the Technology Jobs Tax Credit Act (the Technology Act), NMSA 1978, §§ 7-9F-1 to -12 (2000). The Department based the denial on Taxpayer’s failure to apply for the tax credit within a statutorily prescribed time period. A Department hearing officer denied Taxpayer’s protest of the Department’s denial of Taxpayer’s application. In this appeal, we are required to determine whether the one-year prescribed…