Legislature enacts lower rates, higher penalties

Effective Jan. 1, the interest rate charged on all outstanding tax debt was reduced from 15 percent per year to the annual rate established each quarter by the IRS. Over the last several years, the rate they have charged has been much lower than 15 percent (the current New Mexico rate) and is currently at 8 percent. Interest will continue to accrue on unpaid taxes daily using the annual rate. Also, effective Jan. 1, the maximum penalty charged increased from 10 percent to 20 percent of tax due but not paid. Penalty accrues at 2 percent per month on unpaid taxes. What this means is for taxes owed to the Taxation and Revenue Department, interest were charged at the 15- percent interest rate up through Dec. 31, 2007. After that date, the interest rate lowered and the maximum penalty is higher on any taxes or fees owed.The tax office charges penalty and interest only on outstanding tax liabilities; they do not charge penalty and interest on penalty and interest.Individuals are encouraged to pay their outstanding tax liability to avoid additional interest and penalty charges.  Although interest due is now lower, the penalty paid on taxes owed after that date will increase.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:	(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday