2019 New Mexico Statutes
Chapter 7 - Taxation
Article 3 - Income Tax Withholding
Section 7-3-6 - Date payment due.
Taxes withheld under the provisions of the Withholding Tax Act must be paid on or before the twenty-fifth day of the month following the month when the taxes were required to be withheld.
History: 1978 Comp., § 7-3-6, enacted by Laws 1969, ch. 25, § 1; 2000, ch. 33, § 4; 2010, ch. 53, § 5.
ANNOTATIONSThe 2010 amendment, effective May 19, 2010, in the first sentence, deleted "Except for amounts withheld pursuant to the provisions of Section 7-3-12 NMSA 1978" and deleted the former last sentence, which provided that amounts withheld pursuant to Section 7-3-12 NMSA 1978 must be paid on or before the due date of the return for the 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.
The 2000 amendment, effective May 17, 2000, added the exception for amounts withheld pursuant to the provisions of 7-3-12 NMSA 1978 from the time period that taxes must be paid, and added the stipulation that such amounts must be paid on or before the due date of the return for the pass-through entity.
