Enchantment State News

New Mexico collected $209 million in miscellaneous tax revenue during the second quarter of 2021, a 59.4 percent decrease from the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$515 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	$57
Sales and Gross Receipts Taxes	$1,127
Income Taxes	$684
License Taxes	$212
Other Taxes	$209

Source: U.S. Census Bureau