New Mexico Gov. Martinez signs tax incentives

New Mexico Gov. Susana Martinez has signed into law a package of tax incentives recently approved by legislators during a special session.

The Republican governor signed the legislation during a visit to the Bioscience Center in Albuquerque.

She says the incentives will help recruit new businesses to New Mexico, make it easier for small businesses to grow and boost trade and commerce along New Mexico’s southern border.

With Martinez’s signature, roughly a half-dozen tax incentives already on the books are being expanded. Two new tax breaks are being created.

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 were among the three pieces of legislation that passed both chambers.