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New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
[1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]
Feb. 5—For the first time, New Mexico taxpayers this year can claim a child tax credit of up to $600 per child, the New Mexico Taxation and Revenue Department announced recently. Personal income ...
The MVD operates 32 field offices across the state, along with 39 contracted offices through local municipalities. [2] The agency is responsible for issuing driver licenses and vehicle registration. The MVD is a division of the New Mexico Taxation and Revenue Department.
Oct. 13—SANTA FE — New Mexico voters will decide the fates of two proposals that would expand property tax exemptions for veterans who own homes in the state — and likely mean increased tax ...
General fund income from the state's two, multibillion-dollar permanent funds and interest on treasury accounts is expected to climb to $2.1 billion for the fiscal year between July 2024 and June ...
Media in category "State agencies of New Mexico" This category contains only the following file. New Mexico Department of Game and Fish logo.gif 220 × 220; 25 KB
Aug. 21—SANTA FE — New Mexico's unprecedented, oil-powered revenue growth is slowing, but state lawmakers will still have a mountain of money available to spend in the coming year. New state ...
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