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New Mexico Tobacco Revenue

State Excise Tax on Cigarettes: $1.66
State Excise Tax on Smokeless Tobacco: 25%
State Excise Tax on Little Cigars: 25% Manufacturer's Price
State Excise Tax on Large Cigars: 25% Wholesale Price
Sales Tax on Cigarette Sales: $0.29

New Mexico Revenue from Cigarettes

Excise Tax Collected (2009): $58,893,015
Master Settlement Agreement (MSA Payments 2009): $48,900,000
Cigarette Sales Tax Revenues (2009): $14,573,990
Total Revenue Collected (2009): $122,367,005

Source: Bill Orzechowski & Rob Walker, The Tax Burden on Tobacco, Historical Compilation Volume 44, 2009.

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2012 Legislative Session: January 17 – February 16

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Governor Susana Martinez

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