Businesses affected by October flooding in New Mexico can request additional time to file and pay certain state taxes under newly announced disaster relief measures.
The New Mexico Taxation and Revenue Department announced October 27, 2026, that qualifying taxpayers may receive extensions for several business tax obligations originally due in October, November, and December.
The department is also waiving penalties and interest associated with the approved extensions.
The new measures provide additional relief beyond the extensions announced October 5 for taxpayers affected by flooding that began in September.
New Deadline Set for January 25
Under the latest announcement, qualifying taxpayers affected by October flooding may request an extension until January 25, 2027.
The extension applies to covered tax obligations originally due October 26, November 25, and December 28, 2026.
The affected tax programs include gross receipts taxes, compensating taxes, withholding taxes, oil and gas taxes, combined fuel taxes, and other excise taxes.
These obligations can affect businesses across several industries, including retail, professional services, construction, transportation, and energy.
However, the relief is specifically intended for taxpayers affected by the flooding.
Businesses should not assume that the extension applies automatically to every New Mexico taxpayer.
Penalties and Interest Waived
The department will waive penalties and interest associated with the approved disaster-related extensions.
This distinction is important for business owners who may be unable to meet their original tax deadlines because of flooding, property damage, disrupted operations, or related recovery activities.
The extensions provide additional time to meet qualifying tax obligations.
They do not eliminate the underlying taxes owed.
Businesses remain responsible for filing required returns and paying applicable taxes by their approved deadlines.
How Businesses Can Request an Extension
Affected taxpayers can request relief by submitting Form TRD-41432, Disaster Relief Extension Notification.
The form can be submitted by email or regular mail.
Businesses may request an extension before filing their tax returns or after receiving a notice concerning late-payment penalties and interest.
Taxpayers needing additional time beyond the disaster extension may request a longer filing extension using Form RPD-41096, Extension of Time to File.
Both forms are available through the New Mexico Taxation and Revenue Department’s official website.
Businesses should review the instructions accompanying each form to determine which request applies to their circumstances.
Where to Submit Requests
Completed disaster extension forms can be emailed to [email protected].
Businesses may also mail their requests to the New Mexico Taxation and Revenue Department at P.O. Box 630, Santa Fe, New Mexico 87504-0630.
Additional information is available in department bulletins 100.49 and 100.43.
Those bulletins provide guidance concerning the October and September flooding extensions.
Business Owners Should Review Their Obligations
The announcement does not identify a universal extension for businesses unaffected by the disaster.
Taxpayers should confirm that their circumstances qualify before relying on the January 25 deadline.
Businesses with questions about specific tax accounts or filing obligations can contact the department for guidance.
For qualifying New Mexico businesses, the extensions provide additional time to address tax responsibilities while recovering from recent flooding.