New Mexico offers diverse industries from energy to aerospace, film production incentives, and a growing technology sector. The state provides competitive incentives and a multicultural business environment.
Minimum wage $12.00/hr (higher in some cities like Santa Fe). Paid sick leave. Workers comp required.
Gross Receipts Tax 4.875% plus local (replaces traditional sales tax). Corporate income tax 4.8-5.9%.
NMED oversees environmental compliance. Oil & gas regulations. Water rights system.
Film production tax credits (25-35%). Energy and mining permits. Cannabis licensing.
Our compliance checker highlights which NM regulations may apply to your business.
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