Taxes News
Individual income tax revenue up 21% from previous quarter in New Mexico
The third quarter of 2023 brought in $639 million in individual income tax revenue for New Mexico, a 21% increase from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
$1.3 billion in sales and gross receipt tax revenue for New Mexico in Q3 2023
New Mexico collected $1.3 billion in tax and gross receipts, a 4.0% increase from the second quarter of 2023, according to the U.S. Census Bureau