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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 ...
Residents of New Mexico -- who have already gotten several tax breaks this year -- will soon get another round of tax rebates as the state prepares to send payments totaling either $250 or $500 to...
New Mexico Taxation and Revenue Department; Department overview; Type: Taxation & Revenue Services: Jurisdiction: State of New Mexico: Headquarters: 1100 South St. Francis Drive Santa Fe, New Mexico 87504-1028: Employees: 803: Annual budget: US$ 90,078,526.00 [1] Department executive
In order to ensure that the state receives a portion of the revenue from oil and gas leases within the state, any payments made to an address outside of the state require that a tax be withheld and paid directly to the state. States that have enacted such laws include, but are not limited to: Georgia; Maryland; Oklahoma; New Mexico; Utah ...
The new state tax credits are on top of federal credits. ... And like New Mexico, there's a federal tax credit for charging stations, available for infrastructure set up between 2022 and 2033. For ...
Since 2020, EMNRD reported 12,000 New Mexico homeowners received solar tax credits, saving about $1,624 per year on energy costs. The projects added a total of 97 megawatts to the state’s power ...
Automated payment transaction tax; 9–9–9; ... This is a table of the total federal tax revenue by state, ... New Mexico: 9,002,297,000 Hawaii:
Energy regulators in New Mexico prepared to begin providing tax breaks to renewable energy projects in the state after lawmakers passed a bill to do so during the 2024 Legislative Session via a ...