{"id":8751,"date":"2020-10-23T10:33:13","date_gmt":"2020-10-23T16:33:13","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/businesses\/?p=8751"},"modified":"2026-04-11T13:12:48","modified_gmt":"2026-04-11T19:12:48","slug":"insurance-premium-tax-program","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/23\/insurance-premium-tax-program\/","title":{"rendered":"Insurance Premium Tax Program"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_image=&#8221;https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/wp-content\/uploads\/sites\/9\/2020\/10\/pageBG.jpg&#8221; background_enable_image=&#8221;off&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px|||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2>Insurance Premium Tax Calendar year 2020 rollout<\/h2>\n<p><span>The Taxation and Revenue Department will transition these tax programs into\u00a0our GenTax system for all returns starting with calendar year 2020 forward. Returns and payments will be made in our\u00a0<strong><a href=\"https:\/\/tap.state.nm.us\/Tap\/_\/\" target=\"_blank\" rel=\"noopener noreferrer\">Taxpayer Access Point (TAP) website<\/a>\u00a0<\/strong>starting March 30, 2020.<\/span><\/p>\n<p><span>If you need immediate assistance, please send an email to\u00a0<strong><a href=\"mailto:INSPremium.Outreach@state.nm.us\">INSPremium.Outreach@state.nm.us<\/a><\/strong>.<\/span><\/p>\n<p><span>For details on the methods of payments that the department accepts,\u00a0please review\u00a0<strong><a href=\"https:\/\/realfile.tax.newmexico.gov\/FYI-401.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">FYI-401<\/a><\/strong>\u00a0for detailed instructions.<\/span><\/p>\n<p>Based on new Legislation\u00a0(House Bill 223), effective January 1, 2020, Taxation and Revenue will be the new administrator of the Insurance Premium tax program.<\/p>\n<p><strong><a href=\"https:\/\/www.tax.newmexico.gov\/businesses\/insurance-premium-tax-program\/\" target=\"_blank\" rel=\"noopener\">Insurance Premium Tax Program<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insurance Premium Tax Calendar year 2020 rollout The Taxation and Revenue Department will transition these tax programs into\u00a0our GenTax system for all returns starting with calendar year 2020 forward. Returns and payments will be made in our\u00a0Taxpayer Access Point (TAP) website\u00a0starting March 30, 2020. If you need immediate assistance, please send an email to\u00a0INSPremium.Outreach@state.nm.us. For [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-8751","post","type-post","status-publish","format-standard","hentry","category-all-nm-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insurance Premium Tax Program : Businesses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/23\/insurance-premium-tax-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance Premium Tax Program : Businesses\" \/>\n<meta property=\"og:description\" content=\"Insurance Premium Tax Calendar year 2020 rollout The Taxation and Revenue Department will transition these tax programs into\u00a0our GenTax system for all returns starting with calendar year 2020 forward. Returns and payments will be made in our\u00a0Taxpayer Access Point (TAP) website\u00a0starting March 30, 2020. If you need immediate assistance, please send an email to\u00a0INSPremium.Outreach@state.nm.us. 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