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[1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]
The New Mexico Taxation and Revenue Department is the state agency responsible for collecting and distributing governmental revenue in New Mexico [2] and administering the state's motor vehicle code. See also
In 2005 the federal government spent $2.03 on New Mexico for every dollar of tax revenue collected from the state. This rate of return is higher than any other state in the United States. [21] The federal government is also a major employer in New Mexico providing more than a quarter of the state's jobs.
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The state treasurer is the chief banker and investment officer for the state of New Mexico. As such, the state treasurer receives payments made to the state, deposits sums received with authorized depository institutions, accounts for and manages the state's cash flows, services principal and interest payable on state debt, and disburses public monies in redemption of warrants drawn on state ...
The New Mexico Public Regulation Commission or PRC is an independent agency created by the New Mexico Constitution. It is charged with regulating "...electric, natural gas, and water utilities , as well as telecommunications and motor carriers, to ensure fair and reasonable rates, and to assure reasonable and adequate services to the public."
The secretary of state of New Mexico is a constitutional officer in the executive branch of government of the U.S. state of New Mexico. Twenty-six individuals have held the office of secretary of state since statehood. Since 1923, every elected New Mexican secretary of state has been a woman. The incumbent is Maggie Toulouse Oliver, a Democrat. [1]
Aug. 21—The New Mexico Environment Department is looking for workers. The state agency is holding rapid hire events on Friday and Saturday in Albuquerque, seeking environmental scientists ...