Proposed bill could benefit New Mexico businesses

Proposed bill could benefit New Mexico businesses
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POSTED: Wednesday, March 13, 2013 - 4:43am

UPDATED: Wednesday, March 13, 2013 - 4:50am

A bill to boost New Mexico's manufacturing industry and increase exports to Latin America has been approved by New Mexico House of Representatives.  New Mexico businesses that create and export twenty percent of their goods to Latin America would be able to qualify for tax credits of up to $5,000. House bill 596 passed on a vote of 66-0 Tuesday and now moves to the senate.

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