New Mexico’s Favorable Business Climate
4 Dec 2017
New Mexico is popular for its intense business climate.
It is considered to be a Tech Skills leader, and is ranked to be the eighth most tax-friendly state in the United States due to its immensely favorable tax climate. The income tax rate is very low as compared to other states and numerous incentives are provided to businesses belonging to various industries. It also has a few tax abatements when it comes to estate, inheritance, gift, or property-in-transit as these are completely exempted from tax.