The New Mexico Department of Taxation and Revenue recently released Bulletin B-400.4, publishing the effective interest rates for late payment of tax due. This bulletin is released on a periodic basis during the course of the year to announce interest rates applicable for specific time frames.
The interest rate for the period between July 1, 2019 to September 30, 2019 is 5% annually, or 0.013698639% daily. This is down from 6% in the previous term, January to June 2019.
To review this bulletin in its entirety, visit the Department website.