Quantcast

Enchantment State News

Saturday, December 21, 2024

New Mexico's miscellaneous tax revenues down 12.8% since Q4 2023

Webp hljg1q5bgggs94viabvozlaihnl3

Stephanie Schardin Clarke Tax Commissioner at New Mexico Taxation and Revenue Department | New Mexico Taxation and Revenue Department

Stephanie Schardin Clarke Tax Commissioner at New Mexico Taxation and Revenue Department | New Mexico Taxation and Revenue Department

New Mexico collected $1.3 billion in miscellaneous tax revenue during the fourth quarter of 2023, a 12.8% decrease from the same period the previous year when $1.4 billion was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q4 2023 New Mexico Tax Collections

Type of TaxAmount (millions)
Property Taxes$5
Sales and Gross Receipts Taxes$1,305
Income Taxes$668
License Taxes$95
Miscellaneous Taxes$1,250

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS