New Mexico Resident Veteran Business and Contractor Preference

Sections 13-1-21 (goods and services) and 13-4-2 (public works). What it does. When a public body, which includes the state, school districts, counties and home-rule cities, buys through a formal bid, a certified resident veteran business "with annual gross revenues of up to six million dollars ($6,000,000) in the preceding tax year" is deemed to have bid ten percent lower than it did. In a request for proposals it gets an extra ten percent of the total weight of the factors, or ten percent of the total points in a point-based award. An ordinary resident business gets eight percent. A business cannot have both, and a joint bid gets the preference in proportion to each partner's share. Federal-funded purchases are outside it. Getting certified. Section 13-1-22 requires a certificate from the Taxation and Revenue Department: the resident business affidavit from a certified public accountant, plus either VA verification as a veteran-owned or service-disabled veteran-owned small business, or a DD-214 "with an honorable discharge" or VA verification of service-disabled status, and proof that veterans own a majority. The Department says a certificate is valid for three years. What the published descriptions say. The Department of Veterans' Services' benefits page offers an "Additional 5% Procurement Advantage for Veteran-Owned Businesses" over "the existing 5% preference currently established for locally-owned businesses", and the Army benefits library repeats it. The veteran preference has been a single ten percent since the 2016 amendment (Laws 2016, chapter 5), the ordinary resident preference has been eight percent since the 2022 amendment (Laws 2022, chapter 6), and the $6 million ceiling is missing from both descriptions.