New Mexico Annual Report: Due Date, Fee & Late Penalty
Last verified: 2026-10-03 against the New Mexico Secretary of State, Business Services Division and other official sources listed below
New Mexico annual report due date calculator
Pick the entity type and formation date to get your exact next due dates, fee and late penalty.
New Mexico · LLC
No annual report required — New Mexico LLCs do not file annual or biennial reports.
Verified 2026-10-03 against 1 official source: [1] sos.nm.gov
New Mexico LLC
No annual or biennial report is required. New Mexico LLCs do not file annual or biennial reports.
Sources: [1] sos.nm.gov
New Mexico corporation: Corporate Report (initial report, then Biennial Report)
- Due
- Initial report within 30 days after the certificate of incorporation is issued; then biennially on or before the 15th day of the fourth month following the end of the corporation's taxable year (April 15 for calendar-year corporations)
- How often
- Every 2 years
- First report
- Initial corporate report within 30 days after incorporation; first biennial report on the 15th day of the 4th month after the applicable taxable year end (the SOS business portal shows each corporation's next biennial due date)
- Filing window
- Report form is furnished at least 30 days before the reporting date
- State fee
- $25 — Per report. All business filings are online only (paper no longer accepted); portal convenience fee may apply
- Late fee
- $200 late penalty in addition to the $25 filing fee
Sources: [1] nmlegis.gov · [2] sos.nm.gov · [3] sos.nm.gov
New Mexico franchise, privilege and minimum taxes
- Corporate franchise tax (Form CIT-1, Corporate Income and Franchise Tax Return) (New Mexico Taxation and Revenue Department) — $50 per year, owed by every domestic and foreign corporation (including S corporations) that does business or exercises its corporate franchise in New Mexico, even if inactive or owing no income tax. Due: CIT-1 is due the 15th day of the fourth month following the close of the tax year (April 15 for calendar-year corporations).
Foreign (out-of-state) LLCs and corporations registered in New Mexico
- LLC: No report for foreign LLCs
- Corporation: Foreign for-profit corporations file the same initial and biennial corporate reports ($25, $200 late penalty)
Good to know
- New Mexico is one of the few states where LLCs file no annual or biennial report at all.
- Corporations file an initial report within 30 days of incorporation and a $25 biennial report due April 15 (calendar-year), with a steep $200 late penalty. The due date moved to the 15th day of the 4th month in 2018 (SB 225) to match federal corporate returns.
- Every New Mexico corporation, including S corporations, owes a $50 annual franchise tax with its corporate return.
New Mexico annual report FAQ
When is the New Mexico LLC annual report due?
New Mexico does not require LLCs to file an annual or biennial report.
How much is the New Mexico annual report fee?
LLC: No report. Corporation: $25 (Per report. All business filings are online only (paper no longer accepted); portal convenience fee may apply). These are state fees; portal or card fees may apply.
What happens if I file my New Mexico annual report late?
Corporations: $200 late penalty in addition to the $25 filing fee.
Where do I file the New Mexico annual report?
With the New Mexico Secretary of State, Business Services Division, online at enterprise.sos.nm.gov/.
Official Sources
Figures checked against these sources on 2026-10-03- New Mexico Secretary of State, Business Services Division: annual report information
- New Mexico Secretary of State, Business Services Division: online filing
- nmlegis.gov — final/SB0225.pdf
- sos.nm.gov — 10/20180215_SOS_Celebrates_Passage_of_SB225.pdf
- New Mexico Taxation and Revenue Department: Corporate franchise tax (Form CIT-1, Corporate Income and Franchise Tax Return)
Related
Annual reports in other states
General information, not legal advice. Confirm current fees and deadlines with the New Mexico Secretary of State, Business Services Division before filing.