SANTA FE, N.M. (AP) — State legislators on Wednesday pushed forward with tax reform efforts aimed at reducing state government’s dependence on a volatile oil and natural gas sector and providing steady funding for road maintenance, public schools and teacher pay increases. The legislation seeks to increase annual state revenues by about $100 million at the same time it would …

New Mexico adopts annual sales tax break at small businesses SANTA FE, N.M. (AP) — New Mexico Gov. Susana Martinez has signed a bill that allows tax-free purchase at small businesses on the Saturday after Thanksgiving. Martinez on Friday approved a deduction that allows businesses with 10 employees or fewer to leave sales taxes off many items one day a …