Enchantment State News

New Mexico collected $515 million in miscellaneous tax revenue during the first quarter of 2021, a 27.2 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$405 million was reported 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	$51
Sales and Gross Receipts Taxes	$953
Income Taxes	$190
License Taxes	$99
Other Taxes	$515

Source: U.S. Census Bureau