Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 2A - Corporate Income and Franchise Tax, 7-2A-1 through 7-2A-26. > Section 7-2A-5.1 - Corporate franchise tax amount.

Section 7-2A-5.1 - Corporate franchise tax amount.

7-2A-5.1. Corporate franchise tax amount.

The corporate franchise tax amount imposed on a corporation by Section 7-2A-3 NMSA 1978 shall be fifty dollars ($50.00) per taxable year or any fraction thereof.