Statutes > New Mexico Statutes > Chapter 51 - Unemployment Compensation. > Article 1 - Unemployment Compensation, 51-1-1 through 51-1-59. > Section 51-1-10 - Rate of contribution.

Section 51-1-10 - Rate of contribution.

51-1-10. Rate of contribution.

For any contributions assessed against an employer under the provisions of the Unemployment Compensation Law of New Mexico [51-1-1 NMSA 1978] prior to January 1, 1977, the base wage upon which contributions must be paid and the rate of contributions assessable shall be the base wage and rates in effect by law as of the date such contributions became due and payable to the department.