New Mexico
What's New
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blog
March 4, 2024Moving the Needle Toward Tax Fairness in the States
While many state lawmakers have spent the past few years debating deep and damaging tax cuts that disproportionately help the rich, more forward-thinking lawmakers have improved tax equity by raising…
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January 24, 2024New Mexico Making Tremendous Progress Making Taxes Less Regressive
Recent tax reforms have helped to bring greater balance to New Mexico's tax code. A new in-depth look at taxes in all 50 states finds New Mexico is an emerging…
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ITEP Work in Action
January 15, 2024New Mexico Taxation and Revenue Department: New Mexico Among Top 10 for Tax Equity
New Mexico is now among the top 10 states for most equitable tax structures thanks mostly to changes signed into law by Gov. Michelle Lujan Grisham over the past five…
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ITEP Work in Action
October 22, 2023ITEP’s Carl Davis: Who Pays New Mexico Taxes?
ITEP Research Director Carl Davis gave a presentation on New Mexico’s tax system to that state’s Revenue Stabilization and Tax Policy Committee on October 19, 2023. Click here for the… -
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March 9, 2022A Better Alternative: New Mexico Prioritizes Targeted, Temporary Tax Cuts
New Mexico stands in stark contrast to the many examples of poorly targeted tax-cut proposals currently being considered around the country. -
ITEP Work in Action
April 30, 2020New Mexico Voices for Children: Essential But Excluded
Immigrants pay taxes and are important contributors to New Mexico’s economy. Nationwide, immigrants pay hundreds of billions of dollars in federal, state, and local income and other taxes. New Mexico…
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ITEP Work in Action
January 28, 2020New Mexico Voices for Children: Expanding New Mexico’s Best Anti-Poverty Program
The Working Families Tax Credit (WFTC) is New Mexico’s equivalent of the federal Earned Income Tax Credit (EITC). The WFTC’s eligibility levels and credit amounts are based directly on the… -
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July 18, 2019Many States Move Toward Higher Taxes on the Rich; Lower Taxes on Poor People
Several states this year proposed or enacted tax policies that would require high-income households and/or businesses to pay more in taxes. After years of policymaking that slashed taxes for wealthy… -
ITEP Work in Action
January 22, 2019Time to restore fairness to the personal income tax and break the boom-or-bust cycle
Our citizen legislators have lots of choices to make when they meet for the annual legislative session every January – how to prioritize spending on public services like education, health…
Related Resources
ITEP Publications about New Mexico
Reports about New Mexico using ITEP data
All items referencing New Mexico
RESOURCES
State Tax & Revenue Information
- State of New Mexico Taxation and Revenue Publications
- New Mexico Department of Finance and Administration: Budget Division
Tax Expenditure Reports
- 2016 New Mexico Tax Expenditure Report
- 2015 New Mexico Tax Expenditure Report
- 2014 New Mexico Tax Expenditure Report
- 2013 New Mexico Tax Expenditure Report
- 2012 New Mexico Tax Expenditure Report
- Estimated Revenue Impact of New Mexico Tax Credits, Deductions, Exemptions, Rate Differentials, and Rebates for which Direct Data Exists: FY2004 to FY2010