N.M House Approves Tax Measure For Power Grid

From therepublic.com -The New Mexico House has approved a set of proposed tax incentives aimed at enticing the developers of the $1.5 billion Tres Amigas SuperStation to locate their headquarters and an associated trading exchange in the state.  Democratic House Speaker Ben Lujan is sponsoring the legislation. It passed Thursday on a unanimous vote and now heads to the Senate.  It had support from both sides of the aisle, as lawmakers talked about the jobs and spin-off businesses that are expect to result from the project.  The measure would offer a gross receipts tax deduction for Tres Amigas' trading operations as well as an exemption of certain taxes related to the conversion and transmission of electricity.  More News New Mexico

N.M House Approves Tax Measure For Power Grid