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Tax break on locomotive fuel clears NM House

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SANTA FE, N.M. (AP) — The BNSF Railway Co. could receive a tax break on locomotive fuel in New Mexico under a proposal approved by the House. Supporters say the measure offers the company similar tax treatment as provided to the Union Pacific Corp. New Mexico has agreed to remove the gross receipts and compensating taxes from locomotive fuel if Union Pacific spent at least $100 million on a...

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