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New Mexico Free Printable  for 2024 New Mexico Cannabis Excise Tax Return

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Cannabis Excise Tax Return
Form TRD-41415

TRD-41415 New. 03/01/2022 New Mexico Taxation and Revenue Department CANNABIS EXCISE TAX RETURN This return must be filed online at https://tap.state.nm.us, unless you have an exception. Tax Period (Monthly Filing Required) Cannabis Excise Tax Number Month for which you are filing (MM/CCYY) Federal Employer Identification Number (FEIN) Social Security Number (SSN) Amended Return Business Name (Print) ‰ Amended Return Check the box above only if you are amending over your original return. Be sure to fill out this return as it should have been originally filed for the specified Tax Period. The amended return will override all information reported on your original return. Reason for amending, see instructions for more information. Mailing Address (Number and street) City State Postal/ZIP Code If foreign address, enter country Foreign Province or state E-mail address Phone Number IMPORTANT: If your amended return will result in an overpayment or refund due, you must attach RPD-41071, Application For Refund and supporting documentation to justify your refund request. Incomplete requests can result in a refund delay, request for information, or denial. Reason for amending: Column A Column B Column C Municipality/County Name Location Code Total Adult Use Cannabis Sales Per Location Code Line 1. Enter the total amount of adult use cannabis sales here: Line 2. Enter the applicable tax rate Line 3. Mulitply line 1 by line 2 and enter result here Line 4. Penalty Line 5. Interest Line 6. Total cannabis excise tax due I declare that I have examined this return, and to the best of my knowledge and belief, it is true, correct and complete. Signature of taxpayer or authorized agent Print Name Title Date TRD-41415 New. 03/01/2022 New Mexico Taxation and Revenue Department CANNABIS EXCISE TAX Instructions WHO MUST FILE A retailer of adult use cannabis products must file the Cannabis Excise Tax Return on a monthly basis on the 25th day of the following month. On this return, all retail sales of adult use cannabis must be reported using the county or municipal location code where your retail locations are. Sales of medical cannabis or other items that are not subject to the cannabis excise tax should not be reported on this return, but will be reported on your gross receipts tax (GRT) return, form TRD-41413. INSTRUCTIONS Section 1 Enter your Cannabis Excise Tax Number, and your Federal Employer Identification Number or Social Security Number Number. Print your business name, mailing address, email address and phone number. Section 2 Enter the tax period for which you are filing. This should be the full calendar month prior to the month in which you are filing the return. Only complete the Amended Return section if you are amending a return that you have already filed for the same period. Check the box and state your reason for amending. Section 3 Column A Enter the name of each municipality or remainder of county area in which you have a retail location. Column B Enter the location code for that municipality or remainder of county. The location codes can be found on our website, https://www.tax.newmexico.gov/governments/grossreceipts-location-code-and-tax-rate-map/. NOTE: For purposes of the Cannabis Excise Tax Return, you will only report to the municipality or remainder of county locations. If you are located within a Tax Increment Development District (TIDD), or on a Tribal or Pueblo, you will not report to those locations for the cannabis excise tax. You will only report to those locations on your GRT return. Column C Enter your total receipts from retail sales of adult use cannabis products, using one line for each municipality or remainder of county listed. Do not include receipts from sales of medical cannabis or other non-cannabis items sold. Line 1 Total Retail Sales Enter the sum of all the lines above to get your total retail sales across all locations. Line 2. Tax Rate Enter the appropriate rate from the following table based on the date: Prior to July 1, 2025 July 1, 2025 to June 30, 2026 July 1, 2026 to June 30, 2027 July 1, 2027 to June 30, 2028 July 1, 2028 to June 30, 2029 July 1, 2029 to June 30, 2030 Beginning July 1, 2030 12% 13% 14% 15% 16% 17% 18% Line 3. Total Tax Enter the product of line 1 and line 2, which is your cannabis excise tax for this period. Line 4. Penalty. Add penalty if you fail to file timely or to pay the amount when due. Calculate the penalty by multiplying the amount on Line 3 by 2%, then by the number of months for which the return or payment is late, not to exceed 20% of the tax due. Penalty for failure to file or pay on time may not be less than $5.00. If you leave this blank, the department will calculate penalty for you if return or payment is late or short paid. Line 5. Interest. Interest accrues daily on the unpaid principal of tax due, and it can change on a quarterly basis. You can find the effective annual and daily interest rates on the Department's web page at www.tax.newmexico.gov or by contacting the Department. If you leave this blank, the department will calculate interest for you if return or payment is late or short paid. Line 6. Total due. Enter the total of Lines 3, 4, and 5. Pay this amount.
Extracted from PDF file 2023-new-mexico-form-trd-41415.pdf, last modified October 2021

More about the New Mexico Form TRD-41415 Other TY 2023

Any retailer of adult-use cannabis must file form TRD-41415 on a monthly basis on the 25th.

We last updated the Cannabis Excise Tax Return in February 2024, so this is the latest version of Form TRD-41415, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form TRD-41415 directly from TaxFormFinder. You can print other New Mexico tax forms here.

Other New Mexico Other Forms:

TaxFormFinder has an additional 80 New Mexico income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form RPD-41317 Solar Market Development Income Tax Credit Claim F
Form RPD-41083 Affidavit to Obtain Refund of NM Tax due a Deceased Taxpayer
Form RPD-41285 (Obsolete) Annual Statement of Withholding of Oil and Gas Proceeds
Form RPD-41272 Calculation of Estimated PIT Underpayment Penalty Form
Form ACD-31102 Tax Information Authorization

Download all NM tax forms View all 81 New Mexico Income Tax Forms


Form Sources:

New Mexico usually releases forms for the current tax year between January and April. We last updated New Mexico Form TRD-41415 from the Taxation and Revenue Department in February 2024.

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Historical Past-Year Versions of New Mexico Form TRD-41415

We have a total of three past-year versions of Form TRD-41415 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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