Governor Martinez set to sign tax incentives bill

ALBUQUERQUE (AP) – New Mexico Gov. Susana Martinez is expected to sign a tax incentives bill recently passed by lawmakers during a special session.

Her office said Monday the Republican governor will sign the legislation at the Bioscience Center in Albuquerque.

The measure will renew and expand roughly a half-dozen tax incentives already on the state’s books and create at least two new tax breaks.

For example, it expands a tax credit for investments in New Mexico-based startup companies.

Last week, the GOP-controlled House and the Democratic-led Senate raced through a four-hour special session following an agreement that called for a compromise on capital spending.

The tax incentives measure was among the three pieces of legislation that both chambers passed.

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