New Mexico tax bonds.
From $100.
The New Mexico Taxation and Revenue Department can require this bond 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. The premium is 1% of the bond amount, $100 minimum.
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How much does a New Mexico tax bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application.
Issued on the spot
No credit check up to $10,000. The executed bond is generated as soon as you pay. Above $10,000, a soft pull may add a short 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 no credit check up to $10,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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 sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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.
Price and requirements checked on the carrier’s application, . Page updated .
Tax bond, issued today.
Pricing from $100. Enter the amount to be secured and file the same day.