SANTA FE (AP) — The New Mexico Legislature is nearing adjournment, but lacks an agreement with Republican Gov. Susana Martinez on possible tax cuts for economic development.

The House and Senate worked until after midnight approving bills. The Legislature's 60-day session ends at noon Saturday.

Lawmakers sent the governor measures to increase New Mexico's minimum wage, shore up the long-term finances of a pension plan for educators and establish a state-operated health insurance exchange.

House and Senate committees have proposed last-minute tax-cutting packages, including lowering the corporate income tax rate. However, it remains uncertain whether a final agreement can be reached before adjournment.

The governor made business tax incentives a centerpiece of her legislative agenda.

Also pending is a proposal to expand background checks of people buying firearms from private sellers at gun shows.



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