State Codes and Statutes
Statutes > New-mexico > Chapter-7 > Article-3a > Section-7-3a-47-3A-4. Deductions considered taxes.
Amounts deducted under the provisions of the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act are a collected tax. A remittee who receives payment of oil and gas proceeds or an owner with a share of net income does not have a right of action against the remitter or pass-through entity for the amount deducted and withheld from the oil and gas proceeds or net income.
