Search for: "Taxation and Revenue Department of the State of New Mexico" Results 41 - 60 of 102
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16 Dec 2021, 1:50 am by Kevin Kaufman
New Mexico Legislators in New Mexico created an additional individual income tax bracket on income above $210,000, bringing the state’s top rate from 4.9 percent to 5.9 percent. [read post]
21 Oct 2019, 9:02 pm by Kevin Kaufman
Because many of its peers have taken a less aggressive approach to the taxation of international income, and no other state has adopted a remote sales tax regime without a de minimis threshold, Kansas dropped seven places on the Index overall, from 27th to 34th. [read post]
12 Dec 2019, 5:45 am by Kevin Kaufman
Illinois Department of Revenue (1967) and Quill Corp. v. [read post]
7 Dec 2022, 2:26 pm by NARF
New Mexico Taxation & Revenue Department (Taxation) Mathieu v. [read post]
20 Oct 2020, 9:03 pm by Kevin Kaufman
This temporary reduction is the result of revenue triggers adopted in 2018, and enhanced revenue from corporate base broadening—the result of the federal Tax Cuts and Jobs Act (TCJA)—quickly met the 7 percent excess collections threshold required for a rate reduction. [read post]
13 Dec 2022, 2:45 am by Kyle Hulehan
It is easy to see how local taxation can quickly become complex without one, central knowledge base, filing system, and set of rules, and many states have taken steps to simplify local administration on some level. [read post]
23 Jun 2021, 5:01 am by Unknown
Now comes a report that the former New Mexico Secretary of Taxation and Revenue, Demesia Padilla, has been convicted of embezzling more than $25,000 from a client of a separate business she was operating while she served in the governor’s cabinet. [read post]
17 Oct 2017, 2:45 am by Dan Carvajal
New Mexico New Mexico continues to phase in corporate income tax rate reductions, with the rate scheduled to drop to 5.9 percent by 2018. [read post]
29 Oct 2019, 7:58 am by Kevin Kaufman
It also suggests a few best practices to enhance simplicity, timeliness, and replicability.[2] A Short History of Inflation Indexing Today, inflation indexing is widely accepted as a best practice in both federal and state taxation. [read post]
23 Jun 2021, 2:00 pm by Unknown
H.R.4054 - To amend the Internal Revenue Code of 1986 to treat Indian tribal governments in the same manner as State governments for certain Federal tax purposes, and for other purposes. [read post]
23 Oct 2018, 3:14 pm by Catherine DeBono Holmes
By Catherine Holmes, Brad Cohen and Guy Maisnik On October 19, 2018, the IRS issued the first set of proposed regulations and a New Revenue Ruling on new Internal Revenue Code Section 1400Z-2 governing Opportunity Zone investments. [read post]
22 Jan 2020, 6:00 am by Kevin Kaufman
Next, the paper walks through key federal proposals for taxation of nicotine and discusses different states’ strategies for taxation. [read post]
13 Jan 2022, 1:55 am by Kevin Kaufman
Introduction From the family automobile to the department store, much of the productivity and accessibility known to today’s producers and consumers materialized because entrepreneurs like Henry Ford and James Cash Penney took risks. [read post]
20 Apr 2016, 5:48 am by Kelly Phillips Erb
States which allow marijuana for medical use include Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington – as well as the District of Columbia. [read post]
2 Jul 2019, 6:00 am by Kevin Kaufman
Throwback rules can yield exceedingly high and often uncompetitive levels of taxation for some businesses, to the point that the outmigration they generate can more than offset any revenue gains from taxing “nowhere income. [read post]
2 May 2019, 4:00 am by Kevin Kaufman
Companies with multinational production processes take deductions and report revenues throughout the world to allocate their profits. [read post]
5 Jan 2022, 1:50 am by Kevin Kaufman
Fortunately, states are in a strong position to implement tax reform, with most experiencing dramatic revenue gains and projecting robust revenues in coming years as well. [read post]