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Panel backs tech tax incentives.(Business)
Byline: The Associated Press
SANTA FE Tax incentives would be offered to technology companies that expand or locate in New Mexico under proposals endorsed Wednesday by a Senate panel.
Sen. Roman Maes, a Santa Fe Democrat and sponsor of the two measures, said the tax credits would help encourage the growth of high-paying jobs in the technology industry in New Mexico.
The Ways and Means Committee unanimously approved the measures, which were recommended by a legislative study committee as a tool for economic development. The bills head next to the Senate Finance Committee for consideration.
One proposal provides for a tax credit equal to 5 …
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