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New Mexico Lifts Tax from Aircraft Maintenance
SANTA FE, N.M. (AP) — New Mexico will no longer tax parts and labor for maintaining aircraft under a new law taking effect in July.
Gov. Susana Martinez signed the tax break into law on Thursday along with a measure to establish a one-stop online portal in state government that will allow businesses to pay fees and file forms, such as licensing applications to operate in New Mexico.
The website portal is to be operating by July 2017. Currently, a business might have to deal with several agencies, potentially going to their physical offices or their individual websites.
The Legislature approved the measures during a recently completed 30-day session.
Martinez says the tax break will help keep plane owners from having repairs performed by shops in other states, including Texas, Colorado and Arizona, that don't charge taxes on aircraft maintenance.