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Dec. 11—Some 16,700 tax rebate checks from 2022 totaling $6 million were returned to the New Mexico Tax and Revenue Department as undeliverable. The checks were part of the three rounds of ...
[1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]
New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
Tax free weekend in New Mexico begins at 12:01 a.m. on Friday, Aug. 2 and runs through Saturday, Aug. 4 at midnight. The gross receipt tax exception applies to eligible items in several categories ...
A 2021 analysis by the nonprofit Tax Foundation placed New Mexico 23rd in business tax climate; its property taxes were found to be the least burdensome in the U.S., while taxation for unemployment insurance and on corporations each ranked as the ninth least burdensome. [299]
Today property tax rates reflect the reality that in New Mexico many people are land rich and cash poor. Other components in the Tax Foundation’s 2024 State Business Tax Climate Index are mixed.
The state treasurer is the chief banker and investment officer for the state of New Mexico. As such, the state treasurer receives payments made to the state, deposits sums received with authorized depository institutions, accounts for and manages the state's cash flows, services principal and interest payable on state debt, and disburses public monies in redemption of warrants drawn on state ...
Courts of New Mexico include: State courts of New Mexico. New Mexico Supreme Court [1] New Mexico Court of Appeals [1] New Mexico District Court (13 judicial districts) [2] New Mexico Magistrate Court [3] Bernalillo County Metropolitan Court [4] New Mexico Municipal Court [2] New Mexico Probate Court [2] Federal courts located in New Mexico
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