New Mexico Legislature adjourns, OKs tax bill

SANTA FE, N.M. (AP) — New Mexico lawmakers have wrapped up their work by rushing through a last-minute package of business tax cuts supported by Republican Gov. Susana Martinez.

The tax measure cleared the Legislature in the final minute of the session.

Martinez made tax cuts for economic development a centerpiece of her legislative agenda, and she will sign the plan that raced through the Legislature.

After the session, Martinez said she also will sign a state budget proposal approved by lawmakers but may reject some individual provisions.

After lawmakers approved the tax bill, Martinez retreated from a previous threat to veto the entire budget, which could have forced a special legislative session.