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Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.
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.
Overall, New Mexico collected $3.2 billion in combined tax revenues in the latest quarter.
1st Quarter New Mexico Tax Collections
| Type of Tax | Amount (in millions) |
|---|---|
| Property Taxes | $54 |
| Sales and Gross Receipts Taxes | $1,193 |
| Income Taxes | $796 |
| License Taxes | $101 |
| Other Taxes | $1,026 |
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