New Mexico Cannabis Excise Tax Return

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.