Tax Foundation’s State Business Tax Climate Index

New Mexico ranks 28th friendliest among the 50 states in the Tax Foundations new index.
The good news is NM ranks #1 (friendliest) for individual and business wealth (meaning property) taxes.
The bad news is that NM ranks #48 for its gross receipts tax. It looks to me like the weight given to the gross receipts tax understates its adverse effect on NM’s business climate.

Capitol Report New Mexico
New Mexico Watchdog


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