New Mexico Sales & Use Tax

New Mexico collects a 5.13% gross receipts tax in lieu of sales tax. Most businesses pass along this tax to the consumer, so the gross receipts tax resembles a sales tax. Local jurisdictions impose additional gross receipt taxes up to 3.9375%. The range of combined gross receipts tax rates within the state of New Mexico is between 5.125% and 9.0625%.

Gross receipts tax returns are to be filed on or before the 25th day of the month following the month in which the purchases were made. 

New Mexico provides exemption opportunities for the following industries: 

  • Manufacturing
  • Agriculture

Statute for Refunds: 36 Months

Utility Exemption: Yes, apportionment; Study is required.

New Mexico Sales & Use Tax State Links

New Mexico Blog Posts


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