SANTA TERESA, N.M. (KRQE) – New Mexico will no longer tax parts and labor for maintaining aircraft under a measure that Gov. Susana Martinez has signed into law.
The tax break, which takes effect in July, will help keep aircraft owners from going to other states to have work done.
Martinez also said Thursday a New Mexico aircraft services company, Santa Fe Aero Services, plans to buy an El Paso business and move it across the border to Santa Teresa. The company’s expansion will provide about 20 jobs over three years.
Also today, Gov. Martinez announced five new companies coming to the Santa Teresa area. That will hopefully add about 150 new jobs.