States / New Mexico

New Mexico

Last checked Oct 22, 2026

New Mexico practitioners use four main state logins for tax and payroll work, run by four agencies. State taxes run on FAST Enterprises' GenTax behind the Taxpayer Access Point (TAP), in place since 2002 and maintained ever since through sole-source contracts with FAST, which the Legislative Finance Committee called a continuing concern in 2018. The state paid FAST about $31.2 million against GenTax purchase orders from July 2021 to June 2026, and a new two-year sole-source term began July 2026 with a $9.3 million first-year order. Unemployment insurance tax and claims run on a Deloitte-built system (uFACTS) that went live in January 2013 after its contract grew from $17.2 million to $38.6 million; Deloitte still supports it under a $16.9 million two-year contract signed in 2026. Business filings moved from the old Business Filing System to Tecuity's SOS Enterprise by December 2024. New Mexico has no paid family and medical leave program: a 2025 bill passed the House and died in the Senate, and no such bill appears in the 2026 session.

Who administers what

Every fact links to its source and carries a label: Public record Vendor claim Press / secondary

What the state has spent

Contract totals are the approved ceilings or current contract values the sources state, not money paid, and they are added up only where a plain contract figure exists. The yearly average spreads each system's payments over the years they cover (marked p), or, where no payment data was found, its contract total over the contract term (marked c); systems with neither are left out; it is an estimate of the yearly cost, not a reported figure. Payments to date and project budgets or estimates are added up in their own tiles, from the figures shown in the table; the three kinds of figure overlap and are never added together. Follow each system below for its sources.

Portals practitioners use

Leadership and contacts

Checked Oct 30, 2026. People change roles often; confirm on the agency's site before relying on a name.

Chain of command

• Voters
  • Governor: Michelle Lujan Grisham
    • Cabinet Secretary of Taxation and Revenue: Stephanie Schardin Clarke New Mexico Taxation and Revenue Department
    • Cabinet Secretary: Sarita Nair New Mexico Department of Workforce Solutions
    • Cabinet Secretary of the New Mexico Health Care Authority: Kari Armijo New Mexico Health Care Authority
  • Secretary of State: Maggie Toulouse Oliver New Mexico Secretary of State

Employer account numbers

Checked Oct 29, 2026.

Two state agencies issue New Mexico employer numbers: the Taxation and Revenue Department (wage withholding and the workers' compensation fee, under the New Mexico Business Tax Identification Number, in TAP) and the Department of Workforce Solutions (unemployment insurance, under an 8-digit Employer Account Number, in the UI Tax and Claims System). Since January 1, 2026 every employer also files Form TRD-41431, Workers Compensation Fee Return and Employees Quarterly Wage and Withholding Report, with the Taxation and Revenue Department. No New Mexico paid family or medical leave or disability insurance program with its own employer account was found.

Layout: 9 is a digit, A is a letter, other characters are shown as the agency writes them. No real account numbers appear on this site.

Employer tax ID numbers for every state researched

Unemployment insurance tax

Checked Nov 3, 2026. New Mexico Department of Workforce Solutions

The taxable wage base is $34,800 for 2026 and experienced rates run from 0.33% to 5.40%, from DOL's July 2026 summary of state law; new employers pay their industry's average rate. dws.nm.gov rejected every automated request, so the Department's own figures, filing rules and anything for 2027 are not confirmed. New Mexico is not a FUTA credit reduction state and has no outstanding federal loan.

Taxable wage base

2026: $34,800 source Public record

New employer rate

2026: not published Set by industry: U.S. Department of Labor, Significant Provisions of State UI Laws, effective July 2026 shows New Mexico's new employer rate as the industry average (IndAvg%). The Department's own table was not readable. source Public record

Rate range

2026: 0.33% to 5.4% Range from U.S. Department of Labor, Significant Provisions of State UI Laws, effective July 2026; DOL's rates cover experience-rated employers only and leave out surcharges and non-UI taxes. The Department's own page was not readable. source Public record

FUTA credit reduction

None. No outstanding federal (Title XII) advance: New Mexico is not on the U.S. Department of Labor's 2025 credit reduction table or its potential 2026 list, and has no Title XII record in Treasury data from January 2025 to November 2, 2026. source Public record

The employer account is registered in the Department's Unemployment Insurance Tax Self-Service System (see the site's employer ID page for New Mexico). The 2026 wage base and rates are from U.S. Department of Labor, Significant Provisions of State UI Laws, effective July 2026, used because dws.nm.gov refused automated reads.

Not confirmed: dws.nm.gov rejected every automated request ("The requested URL was rejected. Please consult with your administrator."). Not confirmed on the Department's own pages: the 2026 wage base and rate range (DOL's July 2026 summary used instead), the 2027 figures, new employer rates by industry, any surcharges, how the wage base is indexed, rate notice timing and protest deadline, voluntary contributions, quarterly filing form, due dates and e-file rules. Pages to read in a browser: https://www.dws.nm.gov/en-us/Unemployment/Employers/UI-Tax-Information, https://www.dws.nm.gov/Unemployment/Unemployment-for-a-Business/Unemployment-Insurance-Tax-Information/How-UI-Tax-Rates-Are-Calculated, https://www.dws.nm.gov/Portals/0/NM_UI_Employer_Handbook.pdf. Statute: NMSA 1978, s. 51-1-11 (contribution rates and wage base) on nmonesource.com was not located with the search budget, so how the wage base is set is left null. Search snippets and payroll vendors also gave 2025 as $33,200 and new employer rates of 1.0% to about 1.2%; not used.

Unemployment insurance tax in every state

Income tax withholding

Checked Nov 3, 2026

New Mexico has no withholding certificate of its own: an employee may complete a second federal Form W-4 marked "For New Mexico State Withholding Only", and withholding follows the FYI-104 percentage method tables effective January 1, 2026. Supplemental wages follow the federal method, and when federal withholding uses a flat percent the state rate is a flat 5.9%. Employers need not withhold from nonresidents who work in New Mexico 15 or fewer days in the calendar year, and since January 1, 2026 every employer also files the quarterly TRD-41431 wage and withholding report.

Withholding certificate

Federal Form W-4: used instead of a state form. A duplicate federal W-4 marked "For New Mexico State Withholding Only" is optional (the Department calls it a convenience for employer and employee) and is how an employee asks for extra New Mexico withholding; the employer keeps it in the personnel file. Employees with income exempt from New Mexico tax (for example Native Americans working and living on their tribal land, and active-duty military pay) follow Step 4(c) of the 2020 or later federal W-4 and are not withheld on. source Public record

Supplemental wages

2026: 5.9%. Use the same method as for federal withholding on irregular or supplemental wages; if federal withholding uses a flat percent, withhold a flat 5.9% of the supplemental wage or fringe benefit. For supplemental, overtime or bonus pay paid separately from regular wages, the Department recommends Table 8 of FYI-104. source Public record

Withholding tables

FYI-104, New Mexico Withholding Tax, Effective January 1, 2026 (Rev. 11/2025) (2026). Percentage method tables by payroll period and filing status, updated for the year's standard deduction and with no withholding allowance amounts. No withholding is required if an employee's total withholding for a month is under one dollar.

Reciprocity

No reciprocal agreements. No reciprocal agreement is described in FYI-104. For nonresidents the employer withholds only from wages earned within New Mexico; for residents, from all wages wherever the work is done. source Public record

Nonresidents working here

Employers are not required to withhold from wages of nonresident employees working in New Mexico for 15 or fewer days during the calendar year; above that, withhold only on wages earned within the state. FYI-104, Who Must Withhold, note 2. source Public record

Deposits and returns

• monthly: as assigned on the employer's registration certificate; seasonal, temporary and special event filers use monthly periods. Due the 25th of the following month
• quarterly: as assigned on the registration certificate. Due April 25, July 25, October 25 and January 25
• semiannual: as assigned on the registration certificate. Due July 25 and January 25

Form TRD-41414, Wage Withholding Tax Return, due the 25th of the month after each period, filed even when no tax is due (a "zero" return). Since 2026 every employer also files TRD-41431, Workers Compensation Fee Return and Employees Quarterly Wage and Withholding Report, by the 25th of the month after each quarter. TRD-41414 has an e-file and e-pay mandate; a waiver or exception can be requested on Forms RPD-41351 and RPD-41350. FYI-104 says the TRD-41431 report, the withholding returns and the withholding statements must all be filed electronically. Taxpayer Access Point (TAP) source Public record

Annual reconciliation

RPD-41072, due If used, completed on or before the last day of January of the following year. With the W-2 and 1099 filing rules

Recent and coming changes

• Jan 1, 2026 House Bill 218 (2025): from the quarter beginning January 1, 2026, every employer or payer reports each employee's gross wages and state income tax withheld quarterly on TRD-41431 (which also carries the workers' compensation fee, formerly the WC-1), filed electronically by the 25th of the month after the quarter, in addition to the TRD-41414 returns. source Public record

A married employee who elects the higher single rate for federal withholding must also use the single rate for New Mexico. The annual W-2 and 1099-R filing is covered in the 1099 and information return section.

Not confirmed: The liability thresholds that decide monthly, quarterly or semiannual filing are not stated in FYI-104 or the TRD-41414 instructions; the frequency is shown on the registration certificate. FYI-104 does not say what to withhold when an employee gives no W-4. No Department statement on a convenience of the employer rule was found.

Withholding rules in every state

Credits for other states' taxes and part-year residents

Checked Nov 3, 2026

New Mexico gives residents a nonrefundable credit on Form PIT-1, line 20 for tax paid to another state on income also taxed by New Mexico, figured on the Line 20 worksheet in the PIT-1 instructions; tax paid to a city or county, or to a foreign country's central government, does not count. A part-year resident keeps nonresident-period income out by allocation and proration on Schedule PIT-B: column 2 takes all income while a resident and New Mexico-source income otherwise, and the tax on all income is multiplied by the New Mexico percentage (line 12) to give the tax on PIT-1 line 18. Nonresidents get no credit (no reverse credit), and New Mexico is a Compact member of the Multistate Tax Commission.

Residents: credit for tax paid to other states

Line 20 Worksheet for Computation of Allowable Credit for Taxes Paid to Other States by New Mexico Residents (in the PIT-1 instructions; one worksheet per state). Line: Form PIT-1, line 20 (Credit for Taxes Paid to Another State). Limit: Not more than the New Mexico tax liability on the PIT-1, the tax paid to the other state, or the New Mexico tax on the part of income taxed in both states. The worksheet applies each state's average effective rate (its tax divided by its taxable income; for New Mexico, PIT-1 line 17 times the PIT-B percentage if any) to the income taxed in both states and allows the lesser of the two results, not more than the other state's tax. Covers: Tax that another state imposes on income that New Mexico law includes in a resident's net income. "State" means any U.S. state, the District of Columbia, Puerto Rico, any U.S. territory or possession, or any political subdivision of a foreign country. Not covered: income tax paid to any municipality, county or other political subdivision of a state does not count. Foreign taxes: Tax paid to a political subdivision of a foreign country (for example a province) counts; tax paid to the central government of a foreign country does not. Attach: A copy of the worksheet for each state and the other state's income tax return. If PIT-B is filed, the credit is allowed only on income allocated or apportioned to New Mexico in PIT-B column 2. Do not use tax withheld. A person domiciled elsewhere who is a New Mexico resident by 185 days of presence files as a resident, allocates on PIT-B and may claim the credit for tax paid to the home state. source Public record

Part-year residents: income while a nonresident

Allocated or prorated Part-year and first-year residents are not residents for the period their domicile is outside New Mexico. On Schedule PIT-B, column 1 takes total income and column 2 takes income allocated or apportioned to New Mexico: all wages, interest, dividends and similar income received while a New Mexico resident, plus New Mexico-source income (for example New Mexico services, property or business) while a nonresident. Line 12 divides line 11 column 2 by line 11 column 1; the tax on PIT-1 line 17 taxable income (line 13) times that percentage is the allocated tax on line 14, entered on PIT-1 line 18 with B in box 18a. The schedule describes this as a credit against New Mexico tax equal to New Mexico source income divided by total income. Schedule PIT-B, Schedule of New Mexico Allocation and Apportionment of Income, with Form PIT-1. Line: PIT-B lines 12 to 14; PIT-1 line 18. source Public record

Part-year residents: credit for the period of residence

The instructions describe the line 20 credit for residents and say that, when PIT-B is filed, the credit is allowed only on income allocated or apportioned to New Mexico in PIT-B column 2, where a part-year resident reports income of the residence period; they do not say in so many words whether a part-year resident may claim it. Form PIT-1, line 20, with Schedule PIT-B. source Public record

Nonresidents: reverse credit

No. The credit is for New Mexico residents. Nonresidents allocate to New Mexico only income from New Mexico sources (for example wages for services performed in New Mexico) on PIT-B and pay the prorated New Mexico tax. source Public record

Local income taxes

New Mexico has no local income tax; the credit does not count income tax paid to another state's municipalities, counties or other political subdivisions. source Public record

Multistate Tax Compact

Compact member. New Mexico's tax regulations have a chapter titled Uniform Division of Income for Tax Purposes (NMAC Title 3, Chapter 5). source Public record

Other interstate rules

• Resident by presence: a person physically present in New Mexico for a total of 185 days or more in the year is a resident regardless of domicile; only full 24-hour days count. source Public record
• First-year resident: a person who moved to New Mexico during the year intending to make it the permanent home and was still there on December 31 files as a first-year resident, without the 185-day test. source Public record

The line 20 instructions cite the worksheet on page PIT-1-31 of the 2025 instructions; the PIT-B instructions point to page PIT-1-13.

Not confirmed: Statute for the credit (NMSA 7-2-13) not read; citation left null. Whether a part-year resident may claim the line 20 credit on residence-period income is not stated plainly in the 2025 instructions. Treatment of another state's pass-through entity tax paid on a resident's share not found in the 2025 PIT-1 or PIT-B instructions. No 2026 change found; not searched further.

Multistate rules in every state

Business return deadlines and annual reports

Checked Nov 4, 2026

Corporations file Form CIT-1 (corporate income and franchise tax) on the federal due date, April 15, 2026 for a 2025 calendar year (September 15, 2026 for a June 30 year), and New Mexico accepts the federal extension. S corporations file Form S-Corp and partnerships Form PTE on their federal due dates (March 16, 2026). Corporations file a corporate report with the Secretary of State within 30 days of formation and then every two years by the 15th day of the 4th month after the tax year ($25, $200 late penalty); nonprofit corporations file every year by the 15th day of the 5th month ($10); LLCs file no annual report.

Corporate return

Corporate income tax and $50 corporate franchise tax. Form CIT-1 (Corporate Income and Franchise Tax Return). Due: On or before the due date of the federal corporate income tax return for the taxable year. For tax year 2025: Apr 15, 2026. Fiscal years: Fiscal year ending other than December 31 or June 30: 15th day of the 4th month after year end. June 30 fiscal year: September 15, 2026. source Public record

Corporate extension

Federal extension accepted. The extended time the IRS granted; more time, or an extension without a federal one, by letter or Form RPD-41096 filed by the due date. None if a copy of the automatic or approved federal extension accompanies the CIT-1; otherwise RPD-41096 (Extension of Time to File). CIT-EXT for extension payments. Interest runs from the original due date; the late payment penalty does not apply when there is an extension and the tax is paid by the extended due date (FYI-350).

S corporations

Form S-Corp (Sub-Chapter S Corporate Income and Franchise Tax Return); every S corporation doing business in New Mexico pays the $50 franchise tax. Due: On or before the due date of the federal tax return required for the corporation, calendar or fiscal year. For tax year 2025: Mar 16, 2026. Federal extension accepted if a copy accompanies the return; otherwise request by letter or RPD-41096 by the due date. S-Corp-EXT voucher for extension payments. source Public record

Partnerships

Form PTE (New Mexico Pass-Through Entities Tax Return). Due: On or before the due date of the federal tax return required for the pass-through entity, calendar or fiscal year. For tax year 2025: Mar 16, 2026. Federal extension accepted if a copy accompanies the return; otherwise request by letter or RPD-41096 by the due date. An extension does not extend the time to pay. PTE-EXT voucher for extension payments. source Public record

Individuals

Form PIT-1. For tax year 2025: Apr 15, 2026. New Mexico accepts the IRS automatic six-month extension (October 15, 2026); for more time, file RPD-41096 by April 15, 2026. Paper and electronic returns are both due April 15, 2026. source Public record

Annual report

Filed with the New Mexico Secretary of State, Business Services Division through SOS Enterprise (business filings).

The Limited Liability Company Act (NMSA 53-19) contains no annual report requirement, so LLCs file no periodic report with the Secretary of State. Limited partnerships and LLPs were not checked. Charities also register and report to the Department of Justice, a separate filing.

Recent and coming changes

• Personal income tax: the 2025 PIT-1 instructions state that paper and electronic returns are both due April 15, 2026, with no separate later date for electronic returns. source Public record

Federal March 15, 2026 fell on a Sunday, so the S-Corp and PTE returns, which follow the federal date, were due March 16, 2026.

Not confirmed: Electronic filing date for CIT-1: FYI-350 (Rev. 01/02/2025) says returns filed and paid electronically have until the last day of the month the federal return is due, but the 2025 CIT-1 instructions list only April 15, 2026. Whether a law change removed the electronic date for corporations was not confirmed. Limited partnership and LLP reports to the Secretary of State not checked (NMSA chapter 54 not read).

Deadlines and annual reports in every state

Electronic payment, penalties and interest

Checked Nov 4, 2026

New Mexico requires a taxpayer whose average payment in a tax group (gross receipts, compensating and withholding taxes; oil and gas taxes; natural gas processors tax; fuel taxes) was $25,000 or more a month in the prior calendar year to pay electronically with funds available by the due date, and since July 1, 2025 every payment by that group must be electronic. Late filing or late payment draws one penalty of 2% a month of the unpaid tax, up to 20%, with a $5 minimum on some accounts. Interest follows the IRS individual underpayment rate, changes quarterly and is figured daily: 7% from July 1 to December 31, 2026.

Interest on unpaid tax

Since January 1, 2008, the rate set for individual income tax purposes under the Internal Revenue Code, which can change quarterly; before 2008 a statutory 15% a year. Compounding: No; figured daily as tax due times the daily rate for the quarter times days late. source Public record

When tax must be paid electronically

• Other: business taxes, gross receipts, compensating and withholding (Group 1), plus oil and gas, natural gas processors and fuel tax groups: Average tax payment in any of the tax groups of $25,000 or more per month during the previous calendar year (each identification number counted separately since July 1, 2025). Methods: ACH deposit, Fedwire transfer, or online electronic payment in Taxpayer Access Point (TAP), with funds immediately available to the state on or before the due date. Penalty for paying another way: Payments not made electronically with funds available by the due date are not timely and are subject to penalty and interest as non-timely payments (2% a month up to 20%). source Public record

Penalties

Late filing

Covers: All taxes administered under the Tax Administration Act (civil negligence penalty). 2% of the tax due for each month or part of a month the return is not filed. Maximum: 20% of the tax due. Minimum: $5 for some accounts, even on a zero return. NMSA 1978, Section 7-1-69. source Public record

Late payment

Covers: Tax not paid when due because of negligence or disregard of rules, without intent to defraud. 2% of the tax due for each month or part of a month the tax is not paid. Maximum: 20% of the tax due. One penalty: the Department applies the same 2% a month (20% cap) for late filing or late payment, and for special-payment taxpayers assesses the penalty for failure to file, failure to pay or failure to use the proper format, whichever is greater. NMSA 1978, Section 7-1-69. source Public record

Estimated tax, individuals

Charged as interest. A penalty in the form of interest at the IRS individual underpayment rate, changing quarterly, figured daily from each installment's due date to the earlier of payment or the 15th day of the fourth month after year end; it may exceed the 20% cap that applies to other penalties. Safe harbor: Required annual payment is the lesser of 90% of this year's tax or 100% of last year's tax (if a return was filed for a full 12-month year); no penalty for a first-year resident, if tax less withholding is under $1,000, or for a full-year resident who owed zero tax last year. Form: RPD-41272, Calculation of Estimated Personal Income Tax Underpayment Penalty (only when an exception method lowers the penalty). source Public record

Penalty relief

Penalty is abated when the taxpayer was not negligent: no penalty applies when the failure to pay results from a mistake of law made in good faith and on reasonable grounds (Section 7-1-69(B)), and Regulation 3.1.11.11 NMAC lists indicators of nonnegligence such as disabling injury or prolonged illness. Relief is sought by protest, and interest by law cannot be waived. source Public record

Other penalties

• Electronic payment missing required information. Five business day grace period before penalty if the payment was received by the due date and is traceable. source Public record
• Failure to pay by a required special payment method. Treated as a late payment: 2% a month up to 20%, plus interest. source Public record

Recent and coming changes

• Jul 1, 2025 HB 218 (2025) amended Section 7-1-13.1: all payments by taxpayers in the $25,000 a month group must be electronic, and amounts under other identification numbers are no longer combined to test the threshold source Public record
• Jul 1, 2026 Interest rate rose from 6% (April to June 2026) to 7% for July 1 to December 31, 2026 source Public record

The rate page lists one row for July 1 to December 31, 2026; the 2027 first-quarter rate had not been posted. The withholding e-file and e-pay mandate for TRD-41414 is covered in data/withholding/new-mexico.json and not repeated here.

Not confirmed: The 2027 first-quarter interest rate. Corporate income tax estimated payment rules (threshold, safe harbor, how the underpayment is charged and the form); the CIT-ES voucher read does not state them. The interest statute citation and whether the refund rate differs from the underpayment rate (the NMSA interest and refund sections were not read). The protest deadline and any penalty abatement request form; NMSA 7-1-24 and 3.1.11.11 NMAC were not read directly. A dishonored payment penalty and an information return penalty (not on the pages read).

Electronic payment, penalties and interest in every state

Disaster relief rules

Checked Nov 4, 2026

New Mexico decides case by case: the Taxation and Revenue Department (TRD) uses its power under NMSA 1978 section 7-1-13(D) to extend due dates for good cause for a taxpayer or a class of taxpayers, up to twelve months, and announces each disaster extension in a news release and bulletin. Relief is by request on form TRD-41432, Disaster Relief Extension Notification, sent before filing or after a penalty and interest notice. Since House Bill 291 (2026), an extension no longer leaves interest accruing; the October 2026 flood extensions waive both penalty and interest.

When the IRS postpones deadlines

Announces relief case by case No automatic rule. Section 7-1-13(D): the secretary or delegate "may, for good cause, extend in favor of a taxpayer or a class of taxpayers, for no more than a total of twelve months," the date any tax is due or any return must be filed. A federal income tax extension extends the New Mexico income tax filing date if a copy is attached. TRD announces each disaster extension separately (2024 South Fork and Salt fires, 2025 Trout and Cotton fires, September and October 2026 flooding). Set by each release. The releases read describe the affected taxpayers by event (for example "harmed by flooding in September") and refer to a TRD bulletin for who qualifies; none of them refers to an IRS postponement or names a declaration type. NMSA 1978 section 7-1-13(D); TRD news releases of July 16, 2024, June 24, 2025, October 8, 2026 and October 27, 2026. source Public record

Taxes covered

Set by each release; section 7-1-13(D) reaches any tax payment or return under the Tax Administration Act. The October 8, 2026 release covered gross receipts, compensating, withholding, oil and gas, combined fuel and other excise taxes, personal income tax, and estimated payments of income taxes; the October 27, 2026 release covered the same business taxes. The 2024 and 2025 releases covered business returns due June 25 and July 25 and estimated personal and corporate income tax payments due in June. source Public record

State-declared disasters

TRD grants its own extensions for New Mexico disasters without waiting for an IRS postponement, by news release and a numbered bulletin (Bulletin 100.43 for the 2024 fires, 100.46 for the 2025 fires, 100.49 for the 2026 floods). The releases read do not say whether a Governor's or a federal declaration is required. source Public record

How to get relief

By request: submit form TRD-41432, Disaster Relief Extension Notification, by email to tax.extension@tax.nm.gov or by mail to P.O. Box 630, Santa Fe, New Mexico 87504-0630, either before filing or after receiving a notice for late payment penalties and interest. A longer extension can be requested on Form RPD-41096, Extension of Time to File. Before 2026, TRD asked affected taxpayers to send a letter notifying it that they qualify, with support. Penalties: A disaster extension means no penalty for a late return or late payment. Until 2026 TRD said "State law does not allow the Department to waive interest on late payments." House Bill 291 (2026) gave TRD authority to waive interest when extensions are issued for good cause, and the October 2026 flood releases state that the department "is also waiving penalty and interest on the extended tax deadlines.". source Public record

Where relief is posted

News and Alerts, New Mexico Taxation and Revenue Department (disaster extensions are announced as news releases; no separate disaster page was found)

Recent changes

• Jul 1, 2026 House Bill 291 (2026) amended section 7-1-13(D) to strike the words "but no extension shall prevent the accrual of interest as otherwise provided by law," so a good-cause extension (such as a disaster extension) no longer leaves interest accruing. TRD's October 8, 2026 release calls the flood extensions the first use of this authority. Effective date from section 19 of the bill version read (.232915.5SA). source Public record

The IRS postponement for the Pueblo of Zuni (NM-2026-03 in data/disasters.json) is not mentioned in the October 2026 TRD releases.

Not confirmed: TRD Bulletins 100.43, 100.46 and 100.49 (who qualifies for each disaster extension) were not read; they sit in the Forms and Publications file browser at https://www.tax.newmexico.gov/forms-publications/ (Publications, Bulletins). The House Bill 291 text read is a committee-amended version (.232915.5SA); the enacted chaptered text and the current compiled section 7-1-13 were not read. Whether TRD matches IRS postponements for New Mexico areas (such as the Pueblo of Zuni) was not found. A 2025 bill on a small business disaster relief income tax credit (HB 326) appeared in search results; whether it was enacted was not checked.

Current disaster relief and every state's rules

Federal tax picture

From the IRS's own statistics: the Data Book for fiscal 2025 and Statistics of Income for tax year 2023. Every state

Collected by type: Individual income tax withheld and FICA tax $9.5B; Individual income tax payments and SECA tax $3.9B; Business income taxes $237M; Estate and trust income tax $150M; Estate tax $68M; Excise taxes $25M; Unemployment insurance tax $23M; Gift tax $7.0M; Railroad retirement tax $0.4M. source Public record

Filers moving in and out, 2022 to 2023

30,572 returns (51,817 people) with $2.0B of income moved in from other states; 30,785 returns (53,741 people) with $2.1B moved out, a net loss of $0.1B in income. source Public record

Minimum wage

Checked Nov 3, 2026. New Mexico Department of Workforce Solutions, Labor Relations Division

The New Mexico minimum wage is $12.00 an hour, the last step of the schedule in NMSA 1978 Section 50-4-22 (Senate Bill 437 of 2019), in effect since January 1, 2023, with no 2027 change found. Tipped employees receiving more than $30 a month in tips must get a cash wage of at least $3.00, and secondary school students working after school or when school is out may be paid $8.50. Santa Fe (city and county) and Las Cruces set higher local minimums, the City of Santa Fe rises to $17.50 on January 1, 2027, and Albuquerque (at the state $12.00 in 2026) rises to $13.00 then.

Rate

$12.00 (2027) No change found in statute; the City of Las Cruces's 2027 notice also says the state minimum will remain at $12.
$12.00 from Jan 1, 2023 Final step of the 2019 schedule; unchanged since January 1, 2023. source Public record

How it is set

Fixed in law NMSA 1978 Section 50-4-22(A), as amended by Senate Bill 437 (2019): steps from $9.00 (2020) to $12.00 on and after January 1, 2023 source Public record

Tipped employees

2026: cash wage $3.00, tip credit $9.00 Employees who customarily and regularly receive more than $30 a month in tips; tips plus cash wage must reach $12.00. Tip credit is the difference between $12.00 and $3.00.
2027: cash wage $3.00, tip credit $9.00 No change found. source Public record

Youth and training wages

$8.50. Students regularly enrolled in secondary school working after school hours or when school is not in session (tipped students follow the tipped rule), on and after January 1, 2020. source Public record

Local minimum wages

Allowed

• Santa Fe (city): changes March 1 in 2026 and January 1 in 2027; tipped base wage $3.00: $15.40 in 2026, $17.50 in 2027 source Public record
• Santa Fe County: $15.40 from March 1, 2026, tipped $4.62: $15.40 in 2026 source Public record
• Albuquerque: $12.00 with qualifying health care or child care benefits; tipped $7.20: $12.00 in 2026, $13.00 in 2027 source Public record
• Las Cruces: tipped $5.20 in 2026, $5.39 in 2027: $13.01 in 2026, $13.47 in 2027 source Public record

source Public record

Recent and coming changes

• Jan 1, 2027 City of Santa Fe living wage rises to $17.50 (a one-time legislative increase); from March 1, 2028 it adjusts by 50% CPI and 50% HUD Fair Market Rent. source Public record
• Jan 1, 2027 Albuquerque minimum wage rises to $13.00 ($12.00 with qualifying benefits; tipped $7.20). source Public record
• Jan 1, 2027 Las Cruces minimum wage rises to $13.47 and tipped wage to $5.39. source Public record

Not confirmed: The Department of Workforce Solutions site (dws.state.nm.us and dws.nm.gov) returned a 'Request Rejected' block, so the Department's minimum wage page, notices and required poster were not read. Current text of NMSA 1978 Section 50-4-22 was not read from NMOneSource; the rates come from Senate Bill 437 (2019) as passed. Amendments after 2019, including any to the $8.50 student wage, were not checked. Santa Fe County's 2027 rate: not found on the county site (it adjusts March 1 by CPI). Albuquerque's 2026 tipped wage: the city table shows $7.20 in both the 2026 and 2027 columns; confirm against the 2026 adjustment notice.

Minimum wage in every state

Paid family and medical leave

Checked Nov 3, 2026. No program

New Mexico has no state paid family and medical leave or temporary disability insurance program funded by payroll contributions, so there is no contribution rate or wage base for 2026 or 2027. The most recent program bill read, House Bill 11 of the 2025 session (Paid Family and Medical Leave Act), passed the House 38 to 31 and died in the Senate.

No New Mexico paid leave or disability insurance account was found among the state's employer registrations (data/taxids/new-mexico.json: Taxation and Revenue Department withholding and workers' compensation fee, and the Department of Workforce Solutions unemployment account). 2025 HB 11 was reported by the Senate Tax, Business and Transportation Committee with amendments and then postponed indefinitely in Senate Finance; its bill page shows its current location as Died.

Not confirmed: No New Mexico agency page or statute was found that says in so many words that the state has no paid family and medical leave payroll contribution; 'none' rests on the absence of any such account and the failure of 2025 HB 11. 2026 session bills were not reviewed one by one; the one 2026 paid leave bill checked (SB 188, paid parental leave for school employees) died, and its page was not kept as evidence.

Paid leave in every state

Sick leave and time off

Checked Nov 5, 2026. Paid sick leave

New Mexico's Healthy Workplaces Act requires every private employer, regardless of size, to give earned sick leave of at least one hour per 30 hours worked, with use capped at no less than 64 hours a year, since July 1, 2022. New Mexico has no state family and medical leave law and relies on the federal FMLA; separate laws require up to 14 days a year of domestic abuse leave and let employees use the employer's sick leave to care for family. No statute requires vacation, but a court ruling and an Attorney General opinion treat accrued vacation as wages due at separation.

Paid sick leave

The law

Healthy Workplaces Act source Public record

Employers covered

Every private employer with one or more employees; not the United States, the state or its political subdivisions.

Employees not covered

Part-time, seasonal and temporary employees are covered. Excluded: employees of employers under Title II of the Railway Labor Act and employees covered by the Railroad Unemployment Insurance Act or the Federal Employers' Liability Act.

How it builds up

At least 1 hour per 30 hours worked; overtime-exempt employees are assumed to work 40 hours a week (or their normal shorter week).

Yearly cap

The employer need not allow use of more than 64 hours in a 12-month period (calendar year, fixed leave year, or a forward or rolling 12-month period chosen by the employer); there is no accrual cap in the statute.

Front-loading

Allowed: the employer may grant the full 64 hours on January 1 each year, prorated for employees hired later in the year.

When use can start

None: leave accrues from the start of employment and may be used from then.

Carryover

Accrued, unused leave carries over from year to year; the Department's rules say the employer need not allow more than 64 hours to carry over.

Allowed uses

The employee's or a family member's illness, injury, health condition, diagnosis, care or preventive care; meetings at a child's school or place of care about the child's health or disability; absence for domestic abuse, sexual assault or stalking (treatment, relocation, legal proceedings, services). Family members: spouse or domestic partner and the relatives of the employee or of the spouse or partner (children, parents, grandparents, grandchildren, siblings and their spouses or partners), and anyone whose close association is the equivalent of a family relationship.

Notice and documentation

Oral or written request by the employee or someone acting for the employee; reasonable advance notice when foreseeable, otherwise as soon as practicable. Documentation may be required only for two or more consecutive work days, and may not ask the nature of the condition. The employer may not require use of other paid leave first or a replacement worker.

At the end of employment

Not required at separation. An employee rehired by the same employer within 12 months gets back accrued, unused leave.

PTO policies

Yes, if the paid time off policy gives enough leave to meet the accrual requirements for at least the same purposes and on the same terms.

Employer duties

Written or electronic notice of the rights at hire (in English, Spanish or a first language of at least 10% of the workforce, as the employee requests); a poster in each establishment; records of hours worked and sick leave taken kept for the preceding 48 months.

Enforcement

Workforce Solutions Department, Labor Relations Division. Employer liability of three times the unpaid wages or $500 (whichever is greater) for leave taken but not paid; actual damages or $500 for leave denied; actual damages plus $250 for retaliation and $500 for a prohibited discharge; $250 for each willful notice or recordkeeping violation. Civil action within three years by the employee, the Division, the Attorney General or an organization with an affected member, without first filing a complaint; costs and attorney fees to a prevailing plaintiff.

Citation

NMSA 1978, 50-17-1 to 50-17-12; rules at 11.1.6 NMAC, House Bill 20 (Laws 2021, chapter 131), in effect since Jul 1, 2022

Agency guidance

srca.nm.gov

Local laws: The Act sets minimum requirements and does not preempt any other law, regulation, policy or standard, including collective bargaining agreements, that provides greater accrual or use of earned sick leave. (NMSA 1978, 50-17-12) source Public record

City and county paid sick leave laws

• Bernalillo County (unincorporated areas) Employee Wellness Act (paid time off ordinance): the county's page says it directs employers with two or more employees to offer paid time off. The ordinance's terms, start date and how it now works alongside the Healthy Workplaces Act were not read. source Public record

Family and medical leave

No state family and medical leave law found; New Mexico relies on the federal FMLA. The Caregiver Leave Act lets employees use an employer's existing sick leave to care for family (listed under other leave).

Vacation and PTO at the end of employment

Employer policy controls No statute requires vacation or its payout. Where vacation has accrued under the employer's policy, the Court of Appeals treated accrued vacation pay as a fixed and definite amount subject to the wage payment penalty (Wolf v. Sam's Town Furniture Co., 1995-NMCA-114), and a 1962 Attorney General opinion read wages earned and unpaid to include accrued leave and vacation pay. Fixed wages are due within five days of a discharge (ten days for task, piece or commission pay) and at the next payday after a resignation. Whether a policy may forfeit accrued vacation was not addressed in any source read. (NMSA 1978, 50-4-4, 50-4-5 and 50-4-6 (annotations)) source Public record

Other leave the law requires

What was checked: Statutes read in the official NMSA 1978 chapter PDFs on NMOneSource (chapters 1, 28, 38 and 50), the final House Bill 20 (2021), and 11.1.6 NMAC. The Healthy Workplaces Act sections show no amendment since Laws 2021, chapter 131. 2025 HB 11 (Paid Family and Medical Leave Act) passed the House and died in the Senate; no 2026 leave bill that passed a chamber was found. No New Mexico statute was found requiring private employers to give bereavement, school activity (beyond the sick leave use for a child's health meetings), donation, volunteer responder, pregnancy or holiday leave; New Mexico does not require holidays off or holiday premium pay.

Not confirmed: The Workforce Solutions Department's Healthy Workplaces pages and FAQ returned 'Request Rejected' to curl: https://www.dws.state.nm.us/Healthy-Workplaces Bernalillo County Employee Wellness Act: bernco.gov returned 403; the county page was read only as a government index excerpt and the ordinance (Bernalillo County Code chapter 14, article XII) was not read: https://www.bernco.gov/planning/employee-wellness-act/ Albuquerque: a 2020 city council proposal for a Healthy Families and Workplaces Ordinance was seen in a search result; whether it was adopted was not checked. Vacation: the 'policy' answer rests on the compilation's annotations (Wolf v. Sam's Town Furniture Co. and 1962 Op. Att'y Gen. No. 62-69); neither the opinion nor the AG opinion was read, and no DWS guidance on vacation was read. Voting leave pay: the statute bars any penalty but does not say whether the two hours are paid; AG opinions on pay were not read.

Federal law adds unpaid FMLA leave at employers with 50 or more employees and paid sick leave for federal contractors. Sick leave and time off in every state

Gross receipts tax

Checked Nov 3, 2026

New Mexico has no sales tax in name: its gross receipts tax (GRT) is imposed on the business, at a state rate of 4.875 percent plus county and municipal increments, for combined rates of 4.875 to 10.8125 percent (fiscal year 2025-26 schedule), all paid to the state and reported by the location where the goods or the product of the service are delivered. A business with no physical presence must register and pay GRT once it had at least $100,000 of taxable gross receipts sourced to New Mexico in the previous calendar year.

State rate

4.875% source Public record

Local taxes

Yes, collected by the state. Counties and municipalities set their own increments, which can change in January and July; the whole tax is paid to the state, which distributes the local portions. Since July 1, 2021 reporting is destination based: generally the location code and rate where the goods or the product of the service are delivered, with exceptions such as professional services (FYI-200). The Department issues a new rate schedule each July in the GRT Filer's Kit and publishes the range of combined rates (4.875 to 10.8125 percent in FYI-105 for July 2025 to June 2026). Rate lookup source Public record

Remote sellers

$100,000; counts taxable: taxable gross receipts (not exempt or deductible) from sales, leases and licenses of tangible personal property, sales of licenses, and sales of services or licenses for use of real property sourced to New Mexico sales; previous calendar year only, regardless of current-year receipts; since Jul 1, 2019. A business that met the threshold in the previous calendar year is engaging in business in New Mexico and must register, report and pay GRT; the publications read give no separate registration deadline. The effective date is inferred from FYI-206, which says Section 7-9-7.1 bars the Department from collecting GRT for periods before July 1, 2019 from a person without physical presence that did not report before then. Since July 1, 2019 the tax must be separately stated on the bill, or the customer told it is included. source Public record

Marketplace facilitators

Must collect (A marketplace provider (Section 7-9-3(J) NMSA 1978) that had at least $100,000 of taxable gross receipts sourced to New Mexico in the previous calendar year, counting receipts it collects for sales it facilitates for marketplace sellers and its fees, registers and pays GRT on those receipts; a marketplace seller can take a deduction when the provider pays the tax.), since Jul 1, 2019 source Public record

Streamlined Sales Tax

Not a member source Public record

Registration

New Mexico Business Tax Identification Number (Form ACD-31015, Business Tax Registration), None: there is no fee to register or obtain a Business Tax Identification Number. Register Register online on the Taxpayer Access Point (TAP), or file Form ACD-31015 at a district tax office by appointment or by mail. source Public record

Filing

• monthly: assigned at registration by default
• quarterly: on application, if combined tax due averages $500 a month or less
• semiannual: on application, if combined tax due averages $500 a month or less

Due: The 25th of the month after the end of the reporting period (next business day if the 25th is a weekend or holiday); a zero report is required when no tax is due. A quarterly or semiannual filer whose liability exceeds the $500 monthly average for any 12 months must return to monthly filing.
Electronic filing: Required when combined liability for GRT, compensating, withholding and related taxes averaged $1,000 or more a month in the previous calendar year (Regulation 3.1.4.18 NMAC); at $25,000 or more a month, payment must be in usable funds by the due date.
Taxpayer Access Point (TAP) source Public record

Certificates

Resale: New Mexico uses its own nontaxable transaction certificates (NTTCs), which the buyer obtains from the Department (after registering) and gives to the seller; one NTTC covers all transactions of the same type with that buyer. Resale certificates issued by other states are not valid as NTTCs. Type NTTC-OSB is obtained by the New Mexico seller (Form ACD-31050) and given to qualifying out-of-state buyers purchasing for resale or as manufacturing ingredients, who complete it and return it to the seller.
Exemptions: Deductions are claimed with the NTTC type that supports them (see FYI-204); not every deduction requires an NTTC. source Public record

FYI-105 (dated 08/11/2025) covers July 1, 2025 to June 30, 2026; the rates in this file come from it and from the Department's GRT overview page, and the July 2026 rate schedule was not read.

Not confirmed: State rate for July 2026 onward and its statute (Section 7-9-4 NMSA 1978) and effective date: the current rate schedule and the statute text were not read; FYI-105 for fiscal year 2025-26 gives 4.875 percent. Highest combined rate after July 1, 2026: not confirmed. Exact deadline for a remote seller to register after a threshold year: not stated in FYI-105 or FYI-206. Whether the MTC or Streamlined certificates are accepted: FYI-105 says resale certificates issued by other states are not valid as NTTCs, but does not name the MTC or Streamlined forms. Recent changes: none found in the publications read.

Sales tax in every state

Credit card surcharges

Checked Nov 4, 2026. No state surcharge law

No New Mexico statute was found that bars, caps or sets notice rules for a business adding a surcharge to a credit card purchase; card network rules and federal law still apply. A 2013 bill to add a surcharge ban to the Credit Card Act (HB 545) died in the House. The Taxation and Revenue Department's rule says gross receipts include the full sale amount when a customer pays by credit card, with no deduction for the card company's charge, but it does not address a surcharge collected from the customer.

The rule

No state law on credit card surcharges by sellers was found.

Cash discounts

No state law on cash discounts instead of card surcharges was found.

Sales tax on the surcharge

Not stated The gross receipts tax rule on credit card sales says the seller's gross receipts include the full sale or lease amount when payment is made with a third-party credit card, and the seller may not deduct the amount the card company charges for converting the account into cash (3.2.1.14(A) NMAC). No Department rule or guidance found says whether a surcharge the seller collects from the customer is part of gross receipts. source Public record

What was checked: Checked: HB 545 (2013), which would have added to the Credit Card Act (Chapter 56, Article 4 NMSA 1978) a ban on a seller, lessor or card issuer imposing a surcharge on a cardholder who elects to use a credit or charge card, except as provided in Section 6-10-1.2 NMSA 1978, and a rule that cash discounts offered to all buyers are not finance charges; the Legislature's page shows its first House committee (HBIC) reported it do pass as amended (DP/a) and sent it to the next committee (HJC), and that it died. 3.2.1 NMAC (gross receipts general rules) read for tax. A full-text search of government sites (state code and agency pages) on 2026-11-05 found no seller surcharge provision.

Not confirmed: Current text of the Credit Card Act (Chapter 56, Article 4 NMSA 1978) and the Unfair Practices Act (Chapter 57, Article 12) not read on NMOneSource; the finding of no statute rests on HB 545 (2013), which would have created a ban, and on not finding one. Section 6-10-1.2 NMSA 1978 (named in HB 545 as an exception to its ban) not read. No check was made for 2026 session bills on card surcharges. Whether gross receipts tax applies to a card surcharge collected from the customer is not stated in any Department source found.

Federal law and the card networks' own rules apply in every state. Surcharge rules in every state

Pass-through entity tax

Checked Nov 3, 2026. Entity-level tax election (pass-through entity)

A pass-through entity filing the PTE, S-Corp or FID-1 return may elect each year to pay tax directly at the entity level on its owners' share of New Mexico net income, except for owners it may not pay for (governments, New Mexico tribes, 501(c)(3) organizations, unitary corporate partners and pass-through entity owners). The rate is 5.9% for 2025. The election is made by completing the entity-level tax section of the return, due with the federal return, and cannot be changed on an amended return; owners claim the tax shown on Form RPD-41359 as a credit on their own returns.

Law

NMSA 1978, Section 7-3A-10. source Public record

Who can elect

Pass-through entities required to file a New Mexico return: S corporations, partnerships, LLCs and other pass-through entities (Form PTE, Form S-Corp, or Form FID-1 for an estate or trust that distributes income). Excluded from the definition: sole proprietorships, entities taxed as corporations, investment partnerships whose partners' income is only interest, dividends and sales of securities, disregarded entities and publicly traded partnerships. The election binds all owners, but the entity may not pay entity-level tax for the United States, New Mexico or a political subdivision of either; a federally recognized Indian nation, tribe or pueblo located wholly or partly in New Mexico; a 501(c)(3) organization; a corporate partner that would include the income in its New Mexico return as unitary business income; or a pass-through entity owner. Those owners get no credit, and the entity may still owe withholding for nonresidents among them. The entity cannot pay entity-level tax for an owner that is itself a pass-through entity; it continues to withhold for nonresident pass-through entity owners. source Public record

Election

By filing the entity's required New Mexico return (PTE, S-Corp or FID-1) and completing the computation of entity-level tax section (Section 4, lines 22 to 29, of Form PTE). The entity; the owners decide among themselves whether the entity will elect, under their agreement. If elected, the entity must pay tax on the income of all owners it is permitted to pay for. Deadline: With the return, which is due on or before the due date of the entity's federal return. Made each year. The election applies only to that tax year, and once made it cannot be changed by filing an amended return. source Public record

Rate

2025: 5.9% New Mexico net income (Form PTE line 13) plus guaranteed payments other than health insurance premiums, less the New Mexico net capital gains deduction for owners subject to personal income tax and less income of owners the entity may not pay for. The rate is the higher of the personal or corporate income tax rate (both 5.9%). source Public record

Estimated payments

The electing entity must make estimated payments annually, but the requirement is met by paying the tax by the due date of the New Mexico return; quarterly payments are not required. Optional estimated payments can be made with the PTE-ES voucher or on Taxpayer Access Point (TAP). Withholding already paid for an owner may be applied to the entity-level tax on the return. By the due date of the entity's New Mexico return (the federal return due date). source Public record

Return

Form PTE, New Mexico Pass-Through Entities Tax Return (Section 4, computation of entity-level tax), or Form S-Corp or Form FID-1. An entity with more than 50 payees must file electronically. Due On or before the due date of the federal tax return required for the entity, for calendar and fiscal years. An automatic federal extension is accepted if a copy accompanies the return; otherwise, or for more time, request one by letter or Form RPD-41096, Extension of Time to File, by the due date. source Public record

Owner credit

The entity reports each owner's share of net income subject to entity-level tax and of the tax paid on Form RPD-41359, Annual Statement of Pass-Through Entity Withholding (box 4, credit for entity-level tax), by February 15 of the next year; RPD-41359 is the only form on which the credit can be reported. An individual owner claims it on Form PIT-1, line 29, with tax withheld or paid by pass-through entities; corporate owners claim it on their corporate return. Owner-specific personal or corporate credits cannot be claimed by an electing entity (the film production tax credit is the exception). A nonresident owner the entity pays entity-level tax for gets the same credit; the entity does not also withhold for that owner. Nonresident owners the entity cannot pay for may be subject to withholding, or may elect a composite return if their only New Mexico income is from pass-through entities. source Public record

The Department advises that PTEs with net operating losses should not elect at present, pending rules on how NOLs are used. No sunset, and no change made because of Public Law 119-21, was found in the sources read.

Not confirmed: The act and year that enacted NMSA 7-3A-10's entity-level election, and its first tax year, were not confirmed from a primary source (the statute text was not read). The 2026 rate: no 2026 Form PTE was available; the rate tracks the higher of the top personal and corporate rates. Whether the owner credit is refundable is not stated in the sources read; it is claimed on PIT-1 line 29 with withholding. Whether New Mexico gives residents a credit for other states' PTE taxes was not found. Recent New Mexico legislation affecting the election (2025 or 2026) was not checked; the LS-2025 Legislative Summary was not read.

Pass-through entity tax in every state

Conformity to the 2025 federal tax law

Checked Nov 3, 2026. Business tax: corporate income and franchise tax

New Mexico follows the Internal Revenue Code as amended (rolling conformity); the personal return starts from federal adjusted gross income and the corporate return from federal taxable income. Senate Bill 151 (Laws 2026, chapter 69, signed March 11, 2026) decouples the corporate income tax from bonus depreciation (sections 168(k) and 168(n)) and from the 2025 change to the business interest limit, but only for taxable years beginning on or after January 1, 2027; for 2025 and 2026 the federal rules flow through. The federal tips, overtime, car loan and senior deductions come after adjusted gross income and do not reach the New Mexico return.

Follows the Code

Rolling: follows the Code as it changes. NMSA 1978, 7-2A-2(L) (corporate, as amended by Laws 2026, ch. 69); NMSA 1978, 7-2-2 (personal income tax, not read)
The corporate act defines the Internal Revenue Code as the Code of 1986, as amended. The Legislative Finance Committee's fiscal impact report says New Mexico is a rolling conformity state. source Public record

Starting point

Individuals: federal adjusted gross income
Corporations: federal taxable income source Public record

Response to Public Law 119-21

Partly adopted. Senate Bill 151 (CS/CS/SB 151, Corporate Income Tax Changes), Laws 2026, chapter 69, signed March 11, 2026. Years: Corporate decoupling applies to taxable years beginning on or after January 1, 2027; 2025 and 2026 follow federal law.
The fiscal impact report says the bill decouples the corporate income tax from three provisions: first-year bonus depreciation, first-year expensing for manufacturing facilities (section 168(n)) and business interest deductions. It does not change the personal income tax base. source Public record

Provision by provision

Other differences

• Section 168(n) qualified production property: decoupled for the corporate income tax from 2027 together with section 168(k). source Public record
• SB 151 also adds certain income of controlled foreign corporations to the corporate base and applies apportionment to it, from 2027. source Public record

Guidance from the state

• Instructions for 2025 PIT-1, New Mexico Personal Income Tax Return
• Feb 18, 2026 Legislative Finance Committee fiscal impact report, CS/CS/SB 151 (last update February 18, 2026)

Recent and coming changes

• Jan 1, 2027 Corporate addbacks for bonus depreciation (sections 168(k) and 168(n)) and the 2025 business interest change begin (Laws 2026, ch. 69). source Public record

Not confirmed: No Taxation and Revenue Department notice on Public Law 119-21 was found, and the 2025 CIT-1 instructions were not at the expected address (realfile.tax.newmexico.gov/2025cit-1-ins.pdf returned 404). The personal income tax definition of the Internal Revenue Code (NMSA 1978, 7-2-2) was not read; individual rolling conformity rests on the fiscal impact report and the PIT-1 instructions. Whether 2026 bills on tips or overtime deductions passed was not checked beyond SB 151.

Conformity in every state

Pay in job postings

Checked Nov 2, 2026. No state pay range law

New Mexico has no state law requiring pay or a pay range in job postings, or requiring pay to be disclosed to applicants or employees on request. The Fair Pay for Women Act bars sex based pay discrimination and retaliation, but it sets no posting or disclosure duty.

Salary history ban: No. No salary history or wage history provision found in NMSA chapter 28 (Human Rights) or chapter 50 (Employment Law). Other chapters were not searched. source Public record

What was checked: Checked in the official compilation on NMOneSource (New Mexico Compilation Commission): the full text of NMSA 1978 chapter 28 (Human Rights, including the Human Rights Act and the Fair Pay for Women Act, sections 28-23-1 to 28-23-6) and chapter 50 (Employment Law, including article 4, Labor Conditions; Payment of Wages), searched for salary history, wage history, pay range, salary range, wage range, job posting and advertise. The Fair Pay for Women Act (28-23-3) bars paying employees of one sex less for equal work, and 28-23-5 bars retaliation, including for informing another person about employment rights. No provision requires pay in postings or pay disclosure to applicants or employees. New Mexico Department of Workforce Solutions pages refused automated reads.

Not confirmed: No 2026 New Mexico bill on pay in job postings was found in one web search; the Legislature's bill list (nmlegis.gov) was not checked directly. New Mexico Department of Workforce Solutions, Human Rights Bureau guidance could not be read (dws.state.nm.us rejected the request). No municipal ordinance was found (one web search covered Albuquerque and Santa Fe); city codes were not read.

Pay transparency rules in every state

For tax professionals

Checked Nov 3, 2026. New Mexico Taxation and Revenue Department

New Mexico uses one form, ACD-31102, Tax Information Authorization Tax Disclosure, for disclosure, TAP access, representation and designation of a qualified representative for protests and hearings; it expires three years after signing, and the Department's pages do not say whether the federal Form 2848 is accepted. No paid preparer registration program was found. Paid preparers who prepare more than 25 New Mexico personal income tax returns must file them electronically (Section 7-1-71.4 NMSA 1978), with a $5 penalty per return filed in violation; a client who wants paper signs Form RPD-41338 and the preparer marks the box on PIT-1.

Power of attorney

Form ACD-31102, Tax Information Authorization Tax Disclosure (Rev. 11/25/2025). Any individual, or a firm with a supplemental list of each authorized individual; a separate form for each individual or firm. Option C designates a third-party representative to perform all acts the taxpayer can, except acts only a qualified representative licensed in New Mexico can perform; option D designates a qualified representative for a protest or administrative hearing, with designation type (attorney, CPA, enrolled agent, other), license or enrollment number and state. The tax programs checked (all state taxes or named programs such as personal income, gross receipts, withholding, corporate income) and all tax periods or the years or periods specified; a program not checked is not covered. Levels of authority: A disclose information, B TAP access, C representation, D qualified representative. Mail to NM Taxation and Revenue Department, Attn: Compliance Registration Unit, PO Box 50130, Albuquerque, NM 87181-0130, or email Business.Reg@tax.nm.gov. Processing: Not stated; access is granted once the form and attachments are reviewed and processed. Expires three years from the taxpayer's signature date; a new form is then required. The form is also used to update, revoke one representative, or revoke all. form source Public record

Federal Form 2848

Not stated The Department's tax authorization procedure and ACD-31102 instructions call for ACD-31102 and do not mention the federal Form 2848. source Public record

Information only

Form ACD-31102, option A, Authorization to disclose tax information. Lets the Department disclose confidential tax information on file to the named individual or firm, without representation; the Department says a tax information authorization is needed before it can speak to anyone other than the taxpayer. source Public record

Preparer registration

No program found

Preparer ID on returns

The Paid preparer's use only section on PIT-1 page 2 asks for the preparer's signature, firm name, New Mexico 11-digit NMBTIN (if the preparer must have one), PTIN, FEIN if applicable, phone number and the RPD-41338 box. For the e-file threshold the Department identifies the preparer by federal EIN. PTIN: required. source Public record

E-file mandate for preparers

Paid tax return preparers who prepare more than 25 New Mexico personal income tax returns (for the previous tax year, filed in the current calendar year) must ensure each is filed by Department-approved electronic media; all returns by preparers in an office or branch using the same EIN count toward the 25. Personal income tax returns (PIT-1). Amended returns do not count toward the threshold. Client opt-out: Form RPD-41338, Taxpayer Waiver for Preparers Electronic Filing Requirement, signed by the taxpayer and kept by the preparer for three years from the end of the calendar year the return was filed (not sent to the Department); the preparer marks the RPD-41338 box in the Paid preparer's use only section of PIT-1. Penalty: $5 for each personal income tax return a preparer files in violation. source Public record

Transcripts and account records

Online through TAP for a representative granted TAP access on ACD-31102 (option B), which discloses the confidential tax information on file; the Tax Professionals page offers View Your Client's Filing History through TAP. No request form for copies of filed returns or account transcripts was found. Who can ask: The taxpayer, or a representative authorized on ACD-31102 for the tax programs and periods listed. Online for representatives: Yes for filing history and account information in TAP with ACD-31102 option B. request source Public record

Online access for professionals

Taxpayer Access Point (TAP). With ACD-31102 option B, the named individual can access TAP for the taxpayer: TAP discloses the confidential tax information on file and allows submission of returns, payments and refund requests. The Tax Professionals page links to TAP to view a client's filing history. Through ACD-31102: mark option B and give the representative's existing TAP logon in Section II. source Public record

Practitioner line

Tax Practitioner Liaison, by email at taxpractitioner.liaison@tax.nm.gov, for practitioners who have tried normal Department channels without success (not a first contact); attach an ACD-31102 if none is on file. General line 1-866-285-2996. source Public record

Recent and coming changes

• Nov 25, 2025 ACD-31102 revised; the current form expires three years after signing and covers disclosure, TAP access, representation and qualified representative designation source Public record

The PIT-1 has no preparer discussion check-box; the 2025 PIT-1 instructions say employees may discuss an account only with the taxpayer or an authorized representative. Software providers must register each year with a Letter of Intent.

Not confirmed: Whether the federal Form 2848 is accepted: not stated on the Department's pages or ACD-31102. Copies of filed returns and account transcripts: no request form, fee or turnaround found; whether TAP shows filed return images to a representative is not stated. Section 7-1-71.4 NMSA 1978 itself was not read; the threshold and $5 penalty rest on the Department's pages. No preparer registration law was found; the negative rests on the absence of any program on the Department's pages (the Taxpayer Advocate Service's 2018 list does not include New Mexico).

Rules for tax professionals in every state

Federal tax data sharing

17 IRS data-sharing agreements with agencies in New Mexico, for any purpose (TIGTA, as of March 2026) source Public record; FUTA credit certified to the IRS by New Mexico Department of Workforce Solutions source Public record. How the IRS shares tax data with the states

Know something about New Mexico's systems, have a contract document, or had trouble with one of these portals? Send it in.