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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
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 New Mexico Motor Vehicle Division (MVD) is a state-level government agency based in Santa Fe, New Mexico. 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.
Regular military salaries of New Mexico residents serving in the U.S. military are subject to the income tax, but since 2007, active-duty military salaries have been exempt from the state income tax. [7] [8] Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [9]
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 ...
Aug. 23—LAS VEGAS, N.M. — Seven years ago, New Mexico policymakers scraped every dollar out of their main reserve accounts to help the state government pay its bills. A forecast shared ...
As of 2024, plates are issued by the New Mexico Taxation and Revenue Department through its Motor Vehicle Division. Only rear plates have been required since 1961. New Mexico is the only state that specifies "USA" on its license plates, so as to avoid confusion with the country Mexico, which it borders to the southwest.
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 ...