New Mexico compliance baked into the template
- Sales tax: 4.88% state rate. Applies to services rendered. GRT (gross receipts tax) 4.875% applies broadly including services.
- Late fees: Up to 1.5% per month under N.M. Stat. §56-8-3. Default 8.75%/yr; contract rates allowed.
Illustrator invoice fields
- Project fee — flat
- Per-illustration rate — flat
- Usage license fee — flat
- Revision rounds beyond 2 — flat
State
NM
Avg invoice
$1,850
Net terms
30 days
Deposit
50%