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Small Business Information Resources > INC and LLC Filing Requirements and Forms (by State) > New Mexico
New Mexico Corporation & LLC Filing Requirements
The following is provided for informational purposes only and should not replace the advice of professional counsel. Although we make every effort to keep the information presented here up to date, states continuously change their policies, forms, fees, and information. Because of this, we make no guarantees as to the accuracy of the information presented in this current revision. Please report any problems you may encounter with moved or broken links on this page by clicking here. (Make sure to include the state and the defective link names in your e-mail.) Last update: May 17, 2007
General Info
Agencies
If you have further questions regarding business filings or fees, need additional filing forms, or want to contact your state's business division, here is the agency's contact information.
Public Regulation Commission
P.O. Box 1269
Santa Fe, NM 87504-1269
1-800-947-4722 (NM Residents Only)
(505) 827-4502 or (505) 827-4508
FAX: (505) 827-4387
http://www.nmprc.state.nm.us/
If you have further questions regarding business taxes, need additional tax forms, or want to communicate with your state's tax division, here is the agency's contact information.
Taxation and Revenue Department
1100 S. St. Francis Drive
P.O. Box 630
Santa Fe, NM 87504-0630
(505) 827-0700
http://www.tax.state.nm.us/
New Mexico State Statutes
To research the State Statutes for New Mexico Corporations, LLCs and Partnerships, click here.
Licensing
Business Licenses
Contact your state or local agencies regarding licensing issues.
Annual Filing Requirements
Biennial Report
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Fee: |
The biennial corporate report filing fee is $25. For late filings, there is a $25 fee assessed for profit corporations or a $10 late fee for non-profits.
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Forms: |
Biennial Profit Report - Biennial Profit Corporate Report
Initial Report - First Corporate Report
Biennial NP Report - Biennial Non-Profit Corporate Report
Initial NP Report - First Non-Profit Corporate Report |
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Due Date: |
A Biennial Profit Corporation Report must be filed every two years on or before the 15th day of the 3rd month following the end of a corporation's fiscal year. The first report is due within 30 days of the initial incorporation date of the corporation. |
Corporation Income & Franchise Tax Returns
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Taxes: |
The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.
A franchise tax payment of $50 is due each year, including short years. S Corporations are not exempt from franchise tax.
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Forms: |
Form CIT-1 - 2006 Corporate Income & Franchise Tax Return (instructions)
Form CIT PV - NM 2006 Corporate Income Tax Payment Voucher
Form PTE - 2006 S Corp Pass-Through Entity Form (instructions)
Tax Forms - 2006 Corporate Income Tax Forms |
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Due Date: |
Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year. |
Limited Liability Company
Annual Filing Requirements
LLC Income & Franchise Tax Returns
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Taxes: |
The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.
A franchise tax payment of $50 is due each year, including short years. LLCs that are not required or do not elect to file a Federal Corporation Income Tax Return are not required to pay the NM Franchise Tax.
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Forms: |
Form CIT-1 - 2006 Corp Income & Franchise Tax Return (if LLC elects to file Federal Corporation Income Tax Return) (instructions)
Form CIT PV - NM 2006 Corporate Income Tax Payment Voucher
Form PTE - 2006 PTE Form (if LLC files as a Partnership) (instructions)
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Due Date: |
Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year. |
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