ADVERTISEMENTA tax rate may have gone up due to benefit charges that took place in the three years prior to March 1, 2020, Johnston said in an email. Thats unchanged from February but up from 5.4% in the previous year. This is the most likely cause for an increase based on our review.Rate notices come with a 30-day deadline for appeal, but all deadlines have been extended to May 30 as a courtesy, she said. New Mexico Business Coalition President Carla Sonntag says many businesses that scaled back as a result of pandemic-related public health orders are among those experiencing rate increases. He says employment at his restaurants shrank from about 220 people to 45 in the depths of the pandemic while serving only take-out meals.
An employers tax rate is up to 3%
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An employers tax rate is up to 3 %
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