New Mexico governor signs bill to help financial strain

New Mexico

FILE – In this Jan. 21, 2020, file photo New Mexico Gov. Michelle Lujan Grisham gives her State of the State address during the opening of the New Mexico legislative session in the House chambers at the state Capitol in Santa Fe, N.M. In the presidential primary, Joe Biden is likely to receive a warm welcome among most Democrats in New Mexico, where Grisham has pledged to help Biden connect with racial- and ethnic-minority voters. (AP Photo/Craig Fritz, File)

SANTA FE, N.M. (AP) — Democratic Gov. Michelle Lujan Grisham has signed a measure that would temporarily forgive tax-interest penalties during the coronavirus pandemic.

The bill signed Monday also will boost temporary state payments to cities hit hard by the economic downturn.

The measure was passed during the recent special legislative session.

For New Mexicans unable to pay their taxes on time, the bill temporarily waives interest and penalties on late payments.

State officials say taxpayers must still file their tax returns in a timely manner, but payments may follow at later date.

New payment deadlines have been set for April 2021.

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