New Mexico
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blog
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.
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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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blog
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… -
ITEP Work in Action
November 29, 2018New Mexico Voices for Children: The Cliff Effect: One Step Forward, Two Steps Back
This report focuses on the cliff effect that occurs with the loss of child care assistance for New Mexico families. Losing child care assistance is especially detrimental to families because…
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ITEP Work in Action
November 2, 2018New Mexico Voices for Children: The Next Governor Should Improve Our Tax System and Increase Wages
When it comes to fairness, New Mexico’s tax system is backwards. Those who earn the smallest incomes pay the highest rates in state and local taxes, according to a new… -
ITEP Work in Action
October 18, 2018KRWG: Lowest-Income Taxpayers in NM Pay 1.8 Times the Tax Rate Paid by the Richest New Mexicans
Commentary: A new study released by the Institute on Taxation and Economic Policy (ITEP) finds that the lowest-income New Mexicans pay a state and local tax rate that is almost… -
ITEP Work in Action
October 17, 2018New Mexico Voices for Children: New Analysis: Lowest-Income Taxpayers in NM Pay 1.8 Times the Tax Rate Paid by the Richest New Mexicans
“Taxes are the way we accomplish great things for our state – build our schools and infrastructure, provide health care and public safety, and more,” said James Jimenez, executive director…
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