New Mexico Statutes
Article 3A - Oil and Gas Proceeds and Pass-Through Entity Withholding Tax
Section 7-3A-1 - Short title.

Chapter 7, Article 3A NMSA 1978 may be referred to as the "Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act".
History: 1978 Comp., § 7-3A-1, enacted by Laws 2003, ch. 86, § 4; 2010, ch. 53, § 8.
The 2010 amendment, effective May 19, 2010, added "and Pass-Through Entity".
Applicability. — Laws 2010, ch. 53, § 19 provided that the provisions of this act are applicable to taxable years beginning on or after January 1, 2011.

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Structure New Mexico Statutes

New Mexico Statutes

Chapter 7 - Taxation

Article 3A - Oil and Gas Proceeds and Pass-Through Entity Withholding Tax

Section 7-3A-1 - Short title.

Section 7-3A-2 - Definitions.

Section 7-3A-3 - Withholding from oil and gas proceeds and net income.

Section 7-3A-4 - Deductions considered taxes.

Section 7-3A-5 - Remitters and pass-through entities liable for amounts deducted and withheld; exceptions.

Section 7-3A-6 - Date payment due; form.

Section 7-3A-7 - Statements of withholding.

Section 7-3A-8 - Withheld amounts credited against income tax.

Section 7-3A-9 - Interpretation of act; administration and enforcement of act; report to legislature.