There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 2A: Corporate Income and Franchise Tax, 7-2A-1 through 7-2A-26
Section 7-2A-5: Corporate income tax rates.
NM Stat § 7-2A-5 (1996 through 1st Sess 50th Legis) What's This?
7-2A-5. Corporate income tax rates.
The corporate income tax imposed on corporations by Section 7-2A-3 NMSA 1978 shall be at the rates specified in the following table:
If the net income is: The tax shall be Not over $500,000 4.8% of net income Over $500,000 but not over $1,000,000 $24,000 plus 6.4% of excess over $500,000 Over $1,000,000 $56,000 plus 7.6% of excess over $1,000,000.
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