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New Mexico does not have a state sales tax. However, the state imposes a gross receipts tax (GRT) on many business transactions. This resembles a sales tax, but unlike most states' sales taxes it applies to services, as well as tangible goods. Normally, the provider or seller passes the tax on to the purchaser, but legal incidence and burden ...
"New Mexico’s gross receipts tax hits both goods and services, so it directly affects the cost of doing business."
This reform combined the business license, organization code certificate, and tax registration certificate into a single document called the "Three-in-One" business license, featuring a unique 18-digit identifier for every business called the Unified Social Credit Code. Building on the success of the "Three-in-One" reform, China combined the ...
New Mexico has only three Interstate Highways: Interstate 10 travels southwest from the Arizona state line near Lordsburg to the area between Las Cruces and Anthony, near El Paso, Texas; Interstate 25 is a major north–south interstate highway starting from Las Cruces to the Colorado state line near Raton; and Interstate 40 is a major east ...
Sep. 5—SANTA FE — Gov. Michelle Lujan Grisham on Thursday appointed a New Mexico business group leader to the helm of a key state agency, tabbing Rob Black as the next secretary of the ...
Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax ...