New Mexico lifts tax from aircraft maintenance

|
News,Business,Taxes,New Mexico

SANTA FE, N.M. (AP) — New Mexico will no longer tax parts and labor for maintaining aircraft under a measure that Gov. Susana Martinez has signed into law.

The governor said Thursday in Santa Teresa that the tax break, which takes effect in July, will help keep aircraft owners from having repairs and maintenance performed by shops in neighboring tax-free states, including Texas, Colorado and Arizona.

Martinez said 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.

Martinez also signed a measure to establish a one-stop online portal in state government for businesses to pay fees and file forms to operate in New Mexico.

View article comments Leave a comment