New Mexico Unemployment Tax Rules

Coverage: Any business that has at least one employee in each of 20 different weeks in either the current or preceding calendar year or that pays wages of at least $450 in a calendar quarter.

Rates: 0.05% 5.4%; 2.7% (no experience)

Taxable Wage Limit: $15,200 for 2001; $15,900 for 2002

Employee Withholding: None

Administration:

Employment Security Division
401 Broadway NE
P.O. Box 1928
Albuquerque, New Mexico 87102
Telephone: 505-841-8437