N.M. Stat. § 7-11-6
Current through 2024, ch. 69
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.
NMS § 7-11-6