Virtually all employers are covered by the New Mexico Unemployment Compensation Law and are, therefore, subject to the state unemployment insurance (UI) tax (NM Stat. Sec. 51-1-1et seq.). Covered employers include:
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FLSA Coverage, Salary Level, and Deductions from Pay. Download Now • Employers that, in the current or preceding calendar year, either employed at least one person for some portion of a day in each of 20 different weeks or paid $450 or more in wages in any quarter
• Anyone who acquired the business of a covered employer
• Agricultural employers that, in the current or preceding calendar year, either paid $20,000 for such labor in any quarter or employed 10 or more people in each of 20 different weeks
• Employers of domestic servants if they paid $1,000 or more in any quarter in the current or preceding calendar year
• The state of New Mexico and its political subdivisions
• Religious, charitable, and educational organizations, if employees are not covered by the federal unemployment law
• Employers subject to the Federal Unemployment Tax Act (FUTA)
• Employers that voluntarily elect coverage
• Indian tribes as defined by federal law