Adobe Stock
Adobe Stock
This is a 9.1 percent decrease from the same quarter the previous year when combined tax revenues were $1.7 billion.
The majority of the state’s tax revenue was collected through sales and gross receipts taxes ($990 million) and income taxes ($478 million).
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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.
Q3 New Mexico Tax Collections
| Type of Tax | Amount (in millions of dollars) |
|---|---|
| Income Taxes | $478 |
| License Taxes | $56 |
| Other Taxes | $40 |
| Property Taxes | $3 |
| Sales and Gross Receipts Taxes | $990 |
Source: U.S. Census Bureau
Alerts Sign-up