New Mexico Tax Department Updates Gross Receipts Tax Codes, Rates

The New Mexico Taxation and Revenue Department updated gross receipts tax (GRT) codes and rates for sales located in certain counties within the state, effective July. 1, 2026 through Dec. 31, 2026. The document includes a table with various location indicators and rates used in tax documentation, including special designations for overlapping location codes and rate changes due to local option taxes. [N.M. Tax’n & Revenue Dep’t, Gross Receipts and Compensating Tax Rate Schedule, 04/01/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.