2011 New Mexico Statutes
Chapter 7: Taxation
Article 11: Railroad Car Company Tax, 7-11-1 through 7-11-12
Section 7-11-6: Liability of organizations.


NM Stat § 7-11-6 (1996 through 1st Sess 50th Legis) What's This?

7-11-6. Liability of organizations.

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.

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