He is a Clinical Professor (retired) in the Division of Emergency Medicine, UT Health Science Center at San Antonio, and has been the Chief of Emergency Medicine at UT Medical Branch and at UTHSCSA with over 250 publications.
New Mexico (NM) Sales Tax Rates by City. The state sales tax rate in New Mexico is 5.125%. With local taxes, the total sales tax rate is between 5.125% and 8.688%. New Mexico has recent rate changes (Wed Jul 01 2015). Select the New Mexico city from the list of popular cities below to see its current sales tax rate. Show: Popular | Counties | All | A B C D E F G H I J K L M N O P Q R S T U V W Y Z.
Considerations. Gross income and gross receipt tax rates may vary. For example, as of 2011, New Mexico businesses pay a gross receipt tax that ranges between 5.125 and 8.6875 percent based on what county or city they are located in.Additionally, the amount of gross tax can differ from state to state.ignificance. The significance of gross taxes, whether they are receipts taxes or income taxes, is that they serve as an important revenue source for local, state and federal governments. The money generated from tax payments can be used to fund education, infrastructure improvements or social services.