New Mexico

Tax Compliance and Regulatory Resources for New Mexico

One of the biggest challenges for New Mexico business owners is staying compliant with regulations. Avionté simplifies this process by offering compliance resources to help you stay up to date. Explore the requirements your business may need to meet, including minimum wage, workplace retirement programs, and more. 

Chapters:

 

Wage & Hour

 Wage Type  Amount
 Minimum Wage  $12.00
 Minimum Cash Wage (Tipped Employee)  $3.00

 

Tax

 Unemployment Type  Rule
 State Unemployment Wage Base Limit  $31,700
 State Unemployment Rate Range  0.33-6.4%
 State Unemployment Rate for New Employers  1% / Varies by Industry

 

 Supplemental State Tax Rate
  •  5.90%

 Tax Reciprocity Rules
  • None. NM WH is required from NM residents regardless of the state of employment, and from non-residents working in NM.

 

 SOC Code Requirements
  • None

 

 Special Taxes for the State
  • Workers Compensation Assessment Fee (EE & ER) = $2 per quarter for EE and $2.30 per quarter per employee for ER

 

State Retirement Plans

 State Retirement Savings Programs

 

Leave Law

 Paid Leave Plans

 

Pay Equity

 Pay Transparency
  • None

 

General Information

 State Resources

 

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