NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-11-6
Liability of organizations
Official textnmonesource.comlast amended
Every organization is liable for any difference between an amount equal to the product of the tax rate specified in Subsection A of Section 7-11-3 NMSA 1978 multiplied by its gross earnings and the sum of withheld taxes remitted for that organization by one or more railroad companies for that year.
Amendment history
1978 Comp., § 7-11-6, enacted by Laws 1982, ch. 18, § 22; 1988, ch. 95, § 3. 7-11-7 to 7-11-12. Repealed.
Source: official source (NMSA chapter on nmonesource.com)
In this article (6 sections)
- 7-11-1 · Short title
- 7-11-2 · Definitions
- 7-11-3 · Imposition of tax; tax rate; tax in lieu of property taxes
- 7-11-4 · Situs of railway cars; gross earnings
- 7-11-5 · 7-11-5
- 7-11-6 · Liability of organizations