SANTA FE — State lawmakers are sending to the governor a proposal that would ensure New Mexico continues to receive tax revenue from companies that operate national laboratories in the state.
The legislation, Senate Bill 11, passed the House on Sunday with an amendment, and the Senate agreed to the change Monday, sending it to Gov. Michelle Lujan Grisham.
The bill allows New Mexico to continue to impose taxes on operators of national laboratories — such as Los Alamos and Sandia — even if they have nonprofit status.
Analysts for the Legislature said New Mexico stood to lose about $25 million to $30 million a year if the prime contractor of Los Alamos National Laboratory had tax-exempt status.