The combined gross receipts tax rate varies throughout the state. (efile.com)
Note: In addition to regular income taxes, many states impose other taxes on corporations such as gross receipts taxes and franchise taxes. (taxfoundation.org)
An effort by the NM Child Care and Education Association (NMCCEA) for a measure to exempt taxpaying early childhood programs from gross receipts taxes on NM PreK payments failed in the last hour of the legislative session. (nmaeyc.org)