Businesses operating in Albuquerque pay a combined Gross Receipts Tax of roughly 7.625%, register with the city annually, and follow state classifications by industry rather than a separate municipal income tax.
New Mexico does not levy a city-level business income tax. Instead, the state Gross Receipts Tax (NM §7-9-1+) is imposed on most business activity, with the combined Albuquerque rate of about 7.625% reflecting state, county, and municipal increments. Businesses must register with the New Mexico Taxation and Revenue Department and obtain an Albuquerque business registration through the Planning Department. Industry classifications affect deductions and exemptions — for example, food sales, healthcare, and certain professional services qualify for specific deductions. Out-of-state sellers meeting thresholds must also collect GRT on sales sourced to Albuquerque.
Operating without a business registration, under-reporting receipts, or applying the wrong NAICS classification can result in back-tax assessments, interest, audit penalties, and corporate-officer liability.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Albuquerque, NM
Under Noise Control Ordinance section 9-9-11, each act in violation is a public nuisance and a separate civil violation, carrying a $250 fine for the first o...
Albuquerque, NM
Noise Control Ordinance section 9-9-7(B) bars operating power mowers, leaf blowers, rototillers, power saws, and similar outdoor power equipment within 500 f...
Albuquerque, NM
Under ROA 1994 Sec. 8-5-1-4(b), Albuquerque may establish residential on-street permit parking zones where a study shows a significant portion of available p...
Albuquerque, NM
In residential zones the Albuquerque IDO (Sec. 14-16-5-5(F)) limits how much of a front or street-side yard may be paved for parking - capped by lot size und...
Albuquerque, NM
Albuquerque Code Section 8-5-2-3 declares a vehicle abandoned if it sits unattended on a public street for 36 hours, on private property without owner consen...
Albuquerque, NM
On Albuquerque corner lots, the portion of a rear-yard wall abutting the front yard of a residential lot is held to the 3-foot front-yard limit within 10 fee...
See how Albuquerque's business tax classification rules stack up against other locations.
Help us keep this page accurate. If you notice an error or outdated information, let us know.