Doing Business in Rio Rancho


Franchise Tax

A uniform fee of $50 per corporation is levied annually. The franchise tax is imposed on each corporation included in the combined unitary or the consolidated tax returns if the corporation exercises its corporate franchise in New Mexico whether or not income tax is due.  The requirement to file and pay the franchise tax also falls on anyone who files a federal S-corporation return.

For more information, see NMTRD free publication Corporate Income Tax and Corporate Franchise Tax (FYI- 350) available for download at