Key figures
New Mexico compliance
2026, with sources
Registering and staying registered
A Delaware corporation applies to the New Mexico Secretary of State for a certificate of authority and appoints a registered agent. Within 30 days of the certificate it files an initial report; after that, a $25 report is due every other year by the 15th day of the fourth month after the fiscal year end. A late report carries a $200 penalty.
The CIT-1 carries both the corporate income tax and the $50 franchise tax, and is due with the federal return. A federal extension carries over to New Mexico automatically; without one, a corporation can ask TRD for its own extension on Form RPD-41096. Either way the extension covers the filing, not the payment, and interest runs on tax paid after the original due date.
One TRD account
New Mexico registers a business once with TRD, through the Taxpayer Access Point (TAP), for a single account that covers gross receipts tax, compensating tax and withholding. The New Mexico Business Tax Identification Number from that registration goes on every return. Since 2021 the old combined CRS-1 report is split: gross receipts and compensating tax go on Form TRD-41413 and wage withholding on Form TRD-41414, both due on the 25th of the month after the period.
Unclaimed property
Uncashed payroll and vendor checks and unapplied customer credits are reported to TRD’s Unclaimed Property Office each year, by November 1 for the 12 months ending June 30 (life insurers report by May 1). When November 1 falls on a weekend the report is due the next business day, and an extension has to be requested in writing on Form RPD-41096 before the due date.
Deadlines
- Within 30 days of the certificate of authorityInitial corporate report
- 15th day of the 4th month after year end, every other yearBiennial corporate report
- Federal due dateCorporate income and franchise tax returnCIT-1
- 25th of the following monthGross receipts tax return (monthly filers)TRD-41413
- Nov 1Unclaimed property report (holders other than life insurers)
The federal baseline
This page covers what New Mexico adds. The federal rules underneath it apply here too.
Common questions
How often does New Mexico want a corporate report?
Every other year. New Mexico corporations file a biennial report with the Secretary of State by the 15th day of the fourth month after their fiscal year end, plus an initial report within 30 days of receiving their certificate of authority.
Do we need a local business license?
Not from the state, beyond TRD registration. Albuquerque, Santa Fe, Las Cruces and other cities issue business licenses or registrations for locations within city limits.
Compliance next door
- AZArizona complianceRegister with the Corporation Commission for $175, file a $45 annual report on your anniversary date, and hold one TPT license from ADOR for the state and its cities.
- UTUtah complianceRegister for $59, renew for $18 on each anniversary, file the TC-20 with at least the $100 minimum tax, and report unclaimed property each year.
- COColorado complianceRegister with the Secretary of State for $100, file a $25 periodic report each year, and register separately with any home-rule city you do business in. No franchise tax.
- OKOklahoma complianceQualify with the Secretary of State (minimum $300), pay the $100 registered agent fee by July 1 each year, and file Form 512 30 days after the federal deadline.
- TXTexas complianceRegister on Form 301 with the Secretary of State, then file a franchise tax report or Public Information Report with the Comptroller every May 15, even when no tax is due.
More of the New Mexico guide
- AccountingAccounting and state tax in New MexicoCorporate tax, conformity to federal rules, apportionment and what it does to your books
- ReceivablesReceivables and sales tax in New MexicoSales tax registration, economic nexus, whether SaaS is taxable, and collecting from customers
- PayablesPayables and contractors in New MexicoPaying vendors and contractors: 1099 filing, use tax, contractor tests and withholding
- PayrollPayroll taxes and employer rules in New MexicoWithholding, unemployment insurance, paid leave, minimum wage and the rules on paydays
- AdvisoryAdvisory: credits and decisions in New MexicoCredits, incentives and the decisions that are cheaper to get right the first time
Sources
Checked against each agency’s own page on . Rates and thresholds change, usually on January 1.
General information for US companies, not tax, legal or accounting advice for yours. Rules and thresholds change; confirm the specifics with a CPA or the agency before you act on them.