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New Mexico collected $842,000 in pari-mutuels sales tax in 2021.
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 2022 vs. 2021
| Type of Tax | 2022 amount | 2021 amount |
|---|---|---|
| Public utilities license | $1,856,000 | $1,800,000 |
| Tobacco products sales tax | $101,968,000 | $95,230,000 |
| Motor vehicle license | $223,076,000 | $213,998,000 |
| Public utilities sales tax | $35,695,000 | $34,757,000 |
| Motor fuels sales tax | $266,949,000 | $230,303,000 |
| Occupation and business license, NEC | $52,214,000 | $49,990,000 |
| Amusements license | $2,175,000 | $2,364,000 |
| Individual income taxes | $1,301,085,000 | $1,198,906,000 |
| General sales and gross receipts taxes | $3,291,197,000 | $2,971,970,000 |
| Hunting and fishing license | $29,415,000 | $27,382,000 |
| Taxes, NEC | $64,228,000 | $57,689,000 |
| Insurance premiums sales tax | $235,866,000 | $235,054,000 |
| Pari-mutuels sales tax | $1,184,000 | $842,000 |
| Corporations in general license | $50,255,000 | $42,949,000 |
| Alcoholic beverages sales tax | $21,719,000 | $24,359,000 |
| Corporations net income taxes | $310,081,000 | $152,728,000 |
| Amusements sales tax | $69,276,000 | $68,021,000 |
| Motor vehicle operators license | $13,550,000 | $5,004,000 |
| Other selective sales and gross receipts taxes | $163,272,000 | $162,039,000 |
| Severance taxes | $2,250,072,000 | $1,804,377,000 |
| Selective sales and gross receipts taxes | $895,929,000 | $850,605,000 |
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