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Employers, payers and gambling establishment operators who. Web result new mexico bases its withholding tax on an estimate of an employee’s state income tax liability. Web result who must complete this form: Check this box if you do not want new mexico state income tax withheld from your erb retirement. Web result forms & publications. Web result new mexico taxation and revenue department. Web result for new mexico state withholding only. New mexico withholding tax effective january 1, 2020. Welcome to the new mexico taxation and revenue department’s forms & publications. The three basic business taxes in new mexico include gross receipts, compensating, and.