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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 2021 vs. 2020
| Type of Tax | 2021 amount | 2020 amount |
|---|---|---|
| Motor fuels sales tax | $230,303,000 | $230,303,000 |
| Selective sales and gross receipts taxes | $850,605,000 | $831,241,000 |
| Severance taxes | $1,804,377,000 | $1,415,606,000 |
| Corporations net income taxes | $152,728,000 | $95,556,000 |
| Other selective sales and gross receipts taxes | $162,039,000 | $161,031,000 |
| Insurance premiums sales tax | $235,054,000 | $223,338,000 |
| Motor vehicle license | $213,998,000 | $209,574,000 |
| Tobacco products sales tax | $95,230,000 | $95,080,000 |
| Public utilities license | $1,800,000 | $1,710,000 |
| General sales and gross receipts taxes | $2,971,970,000 | $3,103,765,000 |
| Taxes, NEC | $57,689,000 | $54,253,000 |
| Public utilities sales tax | $34,757,000 | $33,791,000 |
| Motor vehicle operators license | $5,004,000 | $5,004,000 |
| Hunting and fishing license | $27,382,000 | $24,645,000 |
| Amusements license | $2,364,000 | $6,429,000 |
| Alcoholic beverages sales tax | $24,359,000 | $20,061,000 |
| Individual income taxes | $1,198,906,000 | $1,227,926,000 |
| Amusements sales tax | $68,021,000 | $66,795,000 |
| Corporations in general license | $42,949,000 | $36,705,000 |
| Pari-mutuels sales tax | $842,000 | $842,000 |
| Occupation and business license, NEC | $49,990,000 | $48,307,000 |
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