T40 - Individual income tax - New Mexico (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$93,473
1994
Q2 1994
$172,325
1994
Q3 1994
$187,000
1994
Q4 1994
$114,000
1995
Q1 1995
$93,473
1995
Q2 1995
$172,325
1995
Q3 1995
$212,075
1995
Q4 1995
$129,286
1996
Q1 1996
$106,007
1996
Q2 1996
$195,432
1996
Q3 1996
$187,000
1996
Q4 1996
$129,286
1997
Q1 1997
$106,007
1997
Q2 1997
$195,432
1997
Q3 1997
$184,837
1997
Q4 1997
$167,226
1998
Q1 1998
$204,965
1998
Q2 1998
$241,978
1998
Q3 1998
$184,837
1998
Q4 1998
$167,226
1999
Q1 1999
$204,965
1999
Q2 1999
$241,978
1999
Q3 1999
$204,085
1999
Q4 1999
$190,544
2000
Q1 2000
$151,195
2000
Q2 2000
$335,035
2000
Q3 2000
$232,997
2000
Q4 2000
$197,946
2001
Q1 2001
$219,372
2001
Q2 2001
$210,265
2001
Q3 2001
$266,112
2001
Q4 2001
$226,079
2002
Q1 2002
$250,551
2002
Q2 2002
$240,149
2002
Q3 2002
$221,531
2002
Q4 2002
$252,717
2003
Q1 2003
$226,373
2003
Q2 2003
$237,087
2003
Q3 2003
$144,877
2003
Q4 2003
$272,308
2004
Q1 2004
$226,624
2004
Q2 2004
$273,136
2004
Q3 2004
$81,758
2004
Q4 2004
$269,476
2005
Q1 2005
$252,773
2005
Q2 2005
$317,074
2005
Q3 2005
$80,762
2005
Q4 2005
$132,250
2006
Q1 2006
$332,835
2006
Q2 2006
$312,395
2006
Q3 2006
$279,201
2006
Q4 2006
$342,126
2007
Q1 2007
$247,929
2007
Q2 2007
$310,947
2007
Q3 2007
$331,743
2007
Q4 2007
$342,234
2008
Q1 2008
$203,310
2008
Q2 2008
$336,235
2008
Q3 2008
$220,611
2008
Q4 2008
$219,853
2009
Q1 2009
$170,465
2009
Q2 2009
$143,500
2009
Q3 2009
$118,997
2009
Q4 2009
$252,266
2010
Q1 2010
$130,227
2010
Q2 2010
$285,222
2010
Q3 2010
$88,436
2010
Q4 2010
$287,697
2011
Q1 2011
$170,724
2011
Q2 2011
$334,366
2011
Q3 2011
$88,436
Code: T40 Individual Income Taxes
Definition: Taxes on individuals measured by net income and taxes on special types of income (e.g., interest, dividends, income from intangible property, etc.).
Includes: For local governments, includes wages, salaries, and other compensation earned by both residents and nonresidents, that are subject to tax collections by the reporting government.
Excludes: Taxes using income from intangible property as a measure of its value as of assessment date (report at Property Taxes, code T01); income taxes on unincorporated businesses (report at Corporation Net Income, code T41); payroll taxes to finance insurance trusts programs, such as Social Security taxes (report at appropriate Social Insurance Trust Revenue code); and city gross earnings taxes (report at Taxes, NEC, code T99).
Special Consideration: This category includes combined individual and corporation income taxes where proceeds could not be separated in older, historical data.
Category: Income Taxes
Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions).
Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year.
Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type.
About this application: This application presents data from the US Census Quarterly Summary of State and Local Government Tax Revenue. The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This quarterly survey has been conducted continuously since 1962. The information contained in this survey is the most current information available on a nationwide basis for government tax collections.
