At the Roundhouse

See the taxation-related bills we’re tracking during the legislative session. FOCUS bills are selected as our key priorities and as indicators of friendliness to business.


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The most important aspect of business taxation in New Mexico is that it is more burdensome than most states, consistently ranking the state in the bottom half (or worse) of virtually all comparative analyses of business tax climates. Proposals to alter New Mexico’s taxation of business must be evaluated in the context of the entire tax code as it affects business. ACI recognizes that any serious tax reform will decrease taxes for some while raising taxes for others. The private sector needs to lead the efforts to reform the tax code through collaborative efforts. The plan must include an incremental approach to implementation.

Among the provisions of New Mexico tax law that are burdensome for business are the following:

  • New Mexico’s gross receipts tax applies to business inputs, raising the cost of doing business of every kind.
  • New Mexico’s aggressive “throw-back” rule attributes to New Mexico sales made elsewhere.