NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-3A-6
Date payment due; form
# A.
Amounts withheld under the provisions of the Oil and Gas Proceeds and Pass-
Through Entity Withholding Tax Act by a remitter are due on or before the twenty-fifth day of the month following the end of the calendar quarter when the taxes were required to be withheld.
# B.
Amounts withheld under the provisions of the Oil and Gas Proceeds and Pass-
Through Entity Withholding Tax Act by a pass-through entity are due on or before the due date of the federal tax return required for the pass-through entity.
# C.
The amount withheld shall be remitted on a form and in a manner required by the department, provided that amounts withheld and remitted from oil and gas proceeds are kept distinct from every other tax or withheld amount.
Amendment history
1978 Comp., § 7-3A-6, enacted by Laws 2003, ch. 86, § 9; 2010, ch. 53, § 13; 2012, ch. 40, § 5.
Source: official source (NMSA chapter on nmonesource.com)
In this article (10 sections)
- 7-3A-1 · Short title
- 7-3A-2 · Definitions
- 7-3A-3 · Withholding from oil and gas proceeds and net income
- 7-3A-4 · Deductions considered taxes
- 7-3A-5 · 7-3A-5
- 7-3A-6 · Date payment due; form
- 7-3A-7 · Statements of withholding
- 7-3A-8 · Withheld amounts credited against income tax
- 7-3A-9 · Interpretation of act; administration and enforcement of act
- 7-3A-10 · Election of entity-level tax; credit