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The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.
The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.
Below is a breakdown of how taxes were classified by subcategory and how much was collected.
New Mexico Tax Collections 2020 vs. 2019
| Type of Tax | 2020 amount | 2019 amount |
|---|---|---|
| License taxes | $332,374,000 | $332,445,000 |
| Insurance premiums sales tax | $223,338,000 | $209,920,000 |
| Severance taxes | $1,415,606,000 | $1,491,507,000 |
| General sales and gross receipts taxes | $3,103,765,000 | $2,863,208,000 |
| Other selective sales and gross receipts taxes | $161,031,000 | $160,274,000 |
| Public utilities license | $1,710,000 | $1,619,000 |
| Motor vehicle license | $209,574,000 | $205,151,000 |
| Corporations net income taxes | $95,556,000 | $202,367,000 |
| Amusements license | $6,429,000 | $6,492,000 |
| Tobacco products sales tax | $95,080,000 | $91,489,000 |
| Taxes, NEC | $54,253,000 | $39,974,000 |
| Motor vehicle operators license | $5,004,000 | $5,154,000 |
| Alcoholic beverages sales tax | $20,061,000 | $21,000,000 |
| Hunting and fishing license | $24,645,000 | $32,824,000 |
| Property taxes | $89,284,000 | $86,754,000 |
| Public utilities sales tax | $33,791,000 | $32,792,000 |
| Occupation and business license, NEC | $48,307,000 | $46,575,000 |
| Sales and gross receipts taxes | $3,935,006,000 | $3,684,304,000 |
| Other taxes | $1,469,859,000 | $1,531,481,000 |
| Corporations in general license | $36,705,000 | $34,630,000 |
| Income taxes | $1,323,482,000 | $1,792,638,000 |
| Amusements sales tax | $66,795,000 | $65,264,000 |
| Selective sales and gross receipts taxes | $831,241,000 | $821,096,000 |
| Motor fuels sales tax | $230,303,000 | $239,515,000 |
| Individual income taxes | $1,227,926,000 | $1,590,271,000 |
| Pari-mutuels sales tax | $842,000 | $842,000 |
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