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: 0.03% — 5.4% (2007); 2% (no experience)

Taxable Wage Limit: $18,600 for 2007

Employee Withholding: None

Administration:

Employment Security Division
401 Broadway NE
P.O. Box 1928
Albuquerque, New Mexico 87103
Telephone: 505-841-9300