New Mexico imposes a severance tax on the privilege of severing natural resources. "Natural resources" is defined as "timber and any metalliferous or nonmetalliferous mineral product, combination or compound thereof but does not include oil, natural gas, liquid...
The board of county commissioners of a county may provide by ordinance for a solar energy improvement special assessment on a residential or commercial property within the boundaries of the county if the owner of the property requests it. The purpose is to increase...
Every telecommunications company, including mobile telecommunications (cellular service) companies, providing intrastate telephone services (ITS) within New Mexico must charge, collect, and remit the telecommunications relay service surcharge (TRS) to the Taxation and...
New Mexico imposes the tobacco products tax (TPT) for the manufacture or acquisition of tobacco products in New Mexico that are intended for distribution in the ordinary course of business and for the consumption of tobacco products in New Mexico. A tobacco product is...
Certain commercial vehicles not registered or licensed in New Mexico that are transporting passengers for hire or property for hire or resale are required to pay a trip tax, in lieu of registration or use fees, for the maintenance, repair and reconstruction of the...
Employers must withhold a part of the employee’s wages for payment of income tax. New Mexico bases its withholding tax on an estimate of an employee’s State income tax liability. The State credits taxes withheld against the employee's actual income tax liability on...
Every person who operates a public water supply system must pay a water conservation fee. The fee equals three cents ($0.03) per thousand gallons of water produced. It also applies to water that a public water supply system acquires from a person who is not a public...
The registrants, owners and operators of most motor vehicles having a declared gross weight or gross vehicle weight over 26,000 pounds and who are using highways in New Mexico are subject to the weight distance tax (WDT) for use of the highways. They must file and pay...
Every employer who elects or is required to be covered by the Workers' Compensation Act, and every employee covered by the Workers’ Compensation Act, is assessed a fee for funding the administration of the Workers’ Compensation Administration (Section 52-5-19 NMSA...