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Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...
The state is headed for a $3.5 billion general fund surplus for the year running through June 2025, according to a new forecast Monday. New Mexico’s annual state government income has swelled by ...
Beginning in 2008, personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [42] Beginning in 2007, active-duty military salaries are exempt from the state income tax. [43] New Mexico imposes a gross receipts tax on businesses.
MFA initially had offices in New York City and Washington, D.C. In 2022, MFA expanded its global presence by opening an office in Brussels, its first permanent presence outside the United States. [3] In Spring 2023, MFA opened an office in London to further represent MFA members’ interests and deepen engagement with UK policymakers. [4]
Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year, economists for the state announced Wednesday.
The fund is managed by New Mexico's State Investment Council, an independent state agency which functions as a sovereign wealth fund. [6] The council is made up of certain members of the Government of New Mexico, who serve on an ex-officio basis, and public members appointed alternately by the Governor of New Mexico and New Mexico Legislature.
The amount you pay for certain types of Medicare premiums varies based on your income. ... administered through the Medicaid program in each state, ... Married couples have income limits starting ...
The COVID-19 pandemic was confirmed to have reached the U.S. state of New Mexico on March 11, 2020. On December 23, 2020, the New Mexico Department of Health reported 1,174 new COVID-19 cases and 40 deaths, bringing the cumulative statewide totals to 133,242 cases and 2,243 deaths since the start of the pandemic.