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Tax break proposed for hiring graduates
SANTA FE (AP) — Lawmakers are proposing a tax credit to encourage businesses to hire students receiving graduate degrees in science and technology from a New Mexico college.
The measure is to help stop the so-called brain drain of highly educated professionals leaving New Mexico for jobs in other states after earning a master’s or doctorate degree in mathematics, engineering, technology, the sciences or a health-related field.
Employers could receive a tax credit of $5,000 for each qualified graduate that’s hired for a full-time job with benefits.
Albuquerque Sen. Tim Keller, the No. 3 Democratic leader in the Senate, is sponsoring the bill along with Republican Rep. James Smith of Sandia Park.
Gov. declares emergency due to shortage
SANTA FE — High demand for propane across much of the West has prompted New Mexico Gov. Susana Martinez to declare an emergency.
Governors in Nevada and Arizona did the same Tuesday in an effort to speed up deliveries of liquefied petroleum by lifting some regulations.
Martinez says her order will also allow suppliers to move propane through the state faster as New Mexico deals with frigid temperatures. Specifically, the executive order suspends regulations on the number of hours that suppliers may drive.
Martinez’s order will be in effect for the next 14 days.
Lawyer: NM insurance boss suspended
ALBUQUERQUE — An attorney for the state’s chief insurance regulator says his client has been given a 10-day unpaid suspension for missing a meeting with his soon-to-be ex-boss and for letting his employees leave work an hour early on Christmas.
Attorney Paul Kennedy told the Albuquerque Journal that the charges against John Franchini were not justified and called them “political attacks.” Kennedy says Franchini let his staff leave early on Christmas Eve because snow was degrading driving conditions on the roads.