SW New Mexico News

New Mexico collected $412 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 15.4 percent increase over the same period the previous year when $357 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

2nd Quarter New Mexico Tax Collections

Type of Tax	Amount (in millions of dollars)
Property Taxes	$54
Sales and Gross Receipts Taxes	$1,015
Income Taxes	$571
License Taxes	$131
Other Taxes	$412

Source: U.S. Census Bureau