SANTA FE – Gov. Michelle Lujan Grisham signed off Thursday on a bill aimed at ensuring New Mexico can continue to tax national laboratory operators even if they have nonprofit status.
The signing of Senate Bill 11 comes nearly one year after Lujan Grisham’s predecessor, Republican ex-Gov. Susana Martinez, vetoed a similar measure, describing it as “poorly crafted tax policy.”
In contrast, Lujan Grisham, a Democrat who took office Jan. 1, called the legislation an “important safeguard.”