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2006 New Mexico Statutes - Section 7-3A-4 — Deductions considered taxes.

7-3A-4. Deductions considered taxes.

Amounts deducted under the provisions of the Oil and Gas Proceeds Withholding Tax Act  [ 7-3A-1 NMSA 1978] are a collected tax. A remittee who receives payment of oil and gas proceeds does not have a right of action against the remitter for the amount deducted and withheld from the oil and gas proceeds.   

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