Some New Mexico legislators urge restraint on Tesla incentives
ALBUQUERQUE, N.M. -- A dozen legislators and other Democrats said New Mexico shouldn't go overboard in granting tax breaks to Tesla so the electric car company locates a battery plant in the state.
In a letter to the Albuquerque Journal, the Democrats said any bid to attract the plant shouldn't rely solely on tax breaks.
The Democrats' letter said New Mexico can't afford to give up so much future tax revenue to Tesla that education and other needs aren't met. It also said incentives for Tesla shouldn't cause other taxpayers to pay more.
Arizona, which also is vying for the $5 billion dollar battery plant, already has approved legislation allowing the company to sell cars in the state without setting up a dealership network.
Republican Gov. Susana Martinez has said she might consider calling a special legislative session on economic incentives to make New Mexico more appealing to Tesla.
California and Texas also are trying to win the plant.