New Mexico collected $59 million in miscellaneous tax revenue during the third quarter of 2022, a 96.2% decrease from the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Miscellaneous tax revenue reached $1.6 billion in the previous quarter.
Net sales reflect companies’ total revenue stream, minus the costs of discounts, allowances and product returns.
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | $3 |
| Sales and Gross Receipts Taxes | $1,082 |
| Income Taxes | $536 |
| License Taxes | $58 |
| Miscellaneous Taxes | $59 |
Source: U.S. Census Bureau
