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Papers by NMTRI

Fiscal Impacts of Oil & Gas Production in New Mexicoi

Explanation/Analsysis of House Bill 184 2012 Regular Session

Corporate Income Tax Discussion in the Wake of SB 9 Veto 2012 Regular Session

New Mexico Business Tax Competitiveness Study 2011 

Issues that May Be on the 2007 Legislative Agenda

How Does the Tax Burden in New Mexico Compare? Short Paper Series - November 2006

What is "Hedging" in the Context of New Mexico Natural Gas? Short Paper Series - October 2006

The Wal-Mart Decision: Its Implications for All Corporate Income Taxpayers - May 2006

Jim Eads's Testimony on State Taxation of E-Commerce - May 2003

Food Tax Fact Sheet - February 2003

Personal Income Fact Sheet - February 2003


Papers by other authors (Note:  NMTRI presents these links because they may be of use to our members and visitors.  The views represented in these papers do not necessarily represent the views of NMTRI or its members.)

Location Matters: A Comparative Analysis of State Tax Costs on Business

This 2012 study allows comparisons of tax burdens in seven hypothetical firms representing different business types/sectors , across all fifty states.  The study incudes generally applicable business taxes, as well as incentives, and looks at hypothetical established firms in each sector as well as new firms.  Similar in approach to Berents and the NMTRI/EY New Mexico Business Tax Competitiveness study above.

 The Regressivity of Individual State Taxes from 1980 to 2000: A Nationwide Comparison- Robert Landry - Social Science Research Network, 2006.

This paper reports a Regressivity Index for the Tax Systems in the 50 states. For 2000 New Mexico is placed 48th, implying that our state has one of the most progressive tax systems in the country. The method used is the "representative" taxpayer at two levels of income, $20,000 (low) and $150,000 (high). The author then establishes a relationship of the burdens of these two income levels to arrive at the Index. The data for New Mexico does not include the most recent Income Tax Rate Reform that will be phased-in in 2008. Calculations by NMTRI indicate that if these changes are included, and Landry's methodology is replicated, New Mexico would switch to position 27th. This implies that New Mexico's tax system will be comparatively proportional-- not progressive, nor regressive--when the Reform is fully phased-in.

Total State and Local Business Taxes - Ernst & Young LLP and COST - March 2006This report by Ernst & Young and COST is about the extent to which businesses contribute to the finance of state and local governments.  According to the report, New Mexico businesses finance 53% of state and local governments. This contribution represents 6.3% of Gross State Product. For a short comment on this paper as it relates to New Mexico, click here.

General Explanations of the Administration's Fiscal Year 2007 Revenue Proposals

This document, also called the "Blue Book," is published by Department of Treasury and it contains an explanation and revenue loss estimates of tax policy proposals for 2007, at the federal level.

The Clinton Legacy for American's Poor--NBER Working Paper

Do the Rich Flee from High State Taxes? - NBER - July 2004

This article responds to the question: What role do taxes play in the decision of the rich elderly to relocate in a state? The authors used 230,000 observations to propose three Conditional Logit models that show to what extent the Estate and Inheritance, Sales, Income and Property Taxes influence the decision of the wealthy elderly to move in---or move out--of a state. In one of the models for example, an increase of 10% in sales taxes will reduce the presence of the wealthy elderly by 33%. For a more detailed review of the article click here.

National Retail Sales Tax - William Gale - October 2004

Review of State and Local Business Taxes - Public Affairs Reseach Council of Alabama - April, 2004

Historical Overview of the New Mexico Tax System - Fred O'Cheskey - May 2003.

Presentation to the Blue Ribbon Tax Reform Commission.Overview of State and Local Taxes in New Mexico - Tax and Revenue Department - 2003

State Business Tax Climate Index - Tax Foundation - 2003Total State and Local Business Taxes - Robert Cline et. al. - 2003

A version of the Earned Income Tax Credit (EITC) has been recently proposed (it did not pass) for the stateof New Mexico (2006). This NBER article evaluates the EITC at the federal level and describes how it was used by the Clinton administration as an anti-poverty policy tool and also as a means to apply his welfare-to-work policies. The EITC is bipartisan, it had already been implemented when Clinton first took office and it was continued during the George W. Bush administration.

 The Colorado Revenue Limit: The Economic Effects of TABOR - Therese J. McGuire and Kim S. Rueban. Economic Policy Institute - March 2006

 Tax Expenditure Budgets: A Report to the Legislative Finance Committee of the NM Legislature - Aug 2005

 Property Taxes: How Does New Mexico Compare? - July 2005

 Pyramiding Transaction Taxes in New Mexico - Sep 2005

Pyramiding Transaction Taxes in New Mexico: A Discusssion of Options. A Report to the Revenue Stabilization and Tax Policy Committee - Oct 2005

Twenty eight states—excluding New Mexico--have some form of Tax and Expenditure Limit (TEL), which places a cap on tax collections. The Taxpayer Bill of Rights (TABOR) which was passed as a constitutional amendment in 1992 in Colorado, limits the growth rate of revenues to population growth and inflation. This paper evaluates the economic effects of the TABOR and finds little empirical support for the notion that it had a positive effect on Colorado’s economy.

Opportunities Within New Mexico's Tax System - Jim O'Neill - Dec 2002 - Presentation to the Revenue Stabilization and Taxation Committee

 

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