NM tax bonds.
From $100. Enter your amount.
The bond the New Mexico Taxation and Revenue Department can require to secure tax it collects. The most common version is the out-of-state contractor gross-receipts tax bond under NMSA 7-1-55, sized to the tax on a construction contract. Pricing starts from $100 — your exact price appears at the application, and the premium equals 1% of the bond amount, $100 minimum.
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Apply to filed in one sitting.
No underwriting queue for the standard tax bond — enter your amount, pay, and file with Taxation and Revenue. Here is the whole thing:
Apply online
Your business details, the bond amount the Department or contract required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information — no waiting on a pull. The executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with Taxation and Revenue
Submit the executed bond to the Taxation and Revenue Department to secure the tax. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the tax bond actually covers
New Mexico's gross receipts tax (GRT) applies to most business done in the state. For an out-of-state contractor with no principal place of business in New Mexico taking a prime construction contract, NMSA 7-1-55 requires a surety bond — or other acceptable security — to secure the GRT on that contract.
The bond amount equals the gross receipts to be paid under the contract multiplied by the applicable GRT rate (state plus any local-option rates). If the contract value changes by 10% or more after the bond is filed, the contractor must adjust the bond within 14 days.
More broadly, the Taxation and Revenue Department can require a tax bond as security in other situations. The bond stands behind the tax you owe — if you fail to remit, the Department can recover against it. Enter the amount required — pricing starts from $100, and the application collects no credit information.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount the Department or your contract requires — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other New Mexico bonds.
Tax bond, issued today.
Pricing from $100. Enter the amount to be secured and file the same day.