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New Mexico: Corporations

Tax Rate (2021) [3]

Corporate Marginal Income Tax Rate 4.8% > $0
5.9% > $500,000
Individual Income Tax Rate 1.70% > $0
3.20% > $5,500
4.70% > $11,000
4.90% > $16,000
5.90% > $210,000
Sales Tax Rate 5.125% - Ranked: 32/50

Business Tax Climate Index Rankings (2021) [3]

Better
Worse

Sources:

  1. Fortune 1000 (2017) (Date Accessed: 12/1/2017)
  2. Forbes (2017) (Date Accessed: 12/1/2017)
  3. Tax Foundation (2018) (Date Accessed: 5/6/2018)