Individuals and businesses harmed by September flooding can receive extensions without accrued penalties or interest

Organ Mountain News report

SANTA FE - The New Mexico Taxation and Revenue Department has extended several tax filing and payment deadlines for individuals and businesses harmed by September flooding.

The department is also waiving penalties and interest on the extended deadlines.

The move marks the first use of authority granted under House Bill 291 from the 2026 legislative session, which allows the department to waive interest when extensions are issued for good cause, including natural disasters. Previously, state law prevented penalties from accruing during an extension, but interest was still due.

“New Mexicans rebuilding after devastating floods in recent weeks may not have access to the records and systems needed to pay and file their taxes right now,” Taxation and Revenue Secretary Stephanie Schardin Clarke said. “This extension allows those taxpayers a grace period so they can focus on recovering.”

For gross receipts tax, compensating tax, withholding taxes, oil and gas taxes, combined fuel tax and other excise taxes, deadlines originally set for Oct. 26, Nov. 25 and Dec. 28 have been extended to Jan. 25, 2027.

For personal income tax, the Oct. 15 deadline has been extended to Jan. 15, 2027.

Estimated income tax payments originally due Oct. 15 are also now due Jan. 15, 2027.

Taxpayers can request an extension by submitting Form TRD-41432, Disaster Relief Extension Notification, to the department by email or mail. The request can be made before filing or after receiving a notice for late-payment penalties and interest.

Taxpayers seeking a longer extension can submit Form RPD-41096, Extension of Time to File.

Both forms are available through the Taxation and Revenue Department’s Forms and Publications page under “Extensions.”

Completed forms can be emailed to tax.extension@tax.nm.gov or mailed to P.O. Box 630, Santa Fe, NM 87504-0630.

Additional information on disaster relief extensions is available in department bulletins 100.49 and 100.43. Both are located under the Forms and Publications page, subfolder “Publications” then “Bulletins.”