Enchantment State News

New Mexico collected $406 million in miscellaneous tax revenue during the fourth quarter of 2020, a 32.7 percent increase over the previous quarter when $306 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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	$4
Sales and Gross Receipts Taxes	$949
Income Taxes	$529
License Taxes	$90
Other Taxes	$406

Source: U.S. Census Bureau