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Committee advances bill to extend TRIGGER tax credit for New Mexico firms to work with national labs
Summary
The House Commerce & Economic Development committee voted 9–1 to pass House Bill 82, which extends and gradually expands the TRIGGER technology‑readiness gross receipts tax credit to help New Mexico small businesses partner with Sandia and Los Alamos National Laboratories and speed commercialization of lab innovations.
The House Commerce & Economic Development Committee voted 9–1 to pass House Bill 82, a measure to extend and incrementally expand the technology‑readiness gross receipts tax credit known as TRIGGER so smaller New Mexico companies can access expertise and facilities at Sandia and Los Alamos national laboratories.
The bill’s sponsor told the committee that HB82 “extends and expands the tax credit that helps New Mexico businesses access the technology expertise and facilities at our national labs, including Sandia and Los Alamos,” and said the…
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