⏰ This entry is due for review. Information may not reflect the latest regulations.
Taxes
NM
NM Corporate Income Tax
New Mexico imposes a corporate income tax on C corporations with rates from 4.8% on income up to $500,000 to 5.9% on income above $1 million. Corporations file Form CIT-1 with the Taxation and Revenue Department. Multi-state corporations apportion income using a three-factor formula.
Official Source:
NM Taxation and Revenue Department
Always verify current information directly with this agency.