{"data":{"id":"us-nm/7-3a-5","jurisdiction":"us-nm","citation":"7-3A-5","heading":"Remitters and pass-through entities liable for amounts deducted and withheld; exceptions.","body":"A. Every remitter or pass-through entity is liable for:\n(1) amounts required to be deducted and withheld by the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act regardless of whether the amounts were in fact deducted and withheld; and\n(2) for the amounts that a remittee or an owner has agreed to remit pursuant to Subsection G of Section 7-3A-3 NMSA 1978, once the department has notified the remitter or pass-through entity that the remittee or owner has failed to remit.\nB. A remitter or pass-through entity is not liable for amounts required to be deducted and withheld by the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act but not deducted or withheld if:\n(1) the remitter or pass-through entity fails to deduct and withhold the required amounts and if the tax against which the required amounts would have been credited is paid; or\n(2) the remitter's or pass-through entity's failure to deduct and withhold the required amounts is due to reasonable cause.","path":["Chapter 7 - Taxation","ARTICLE 3A Oil and Gas Proceeds and Pass-Through Entity Withholding Tax"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"dee820f9550316ca331ce1051817e5fa295ef6f892a2464d0f77c7568637b85a","source_id":"us-nm","stale":false,"prev":"us-nm/7-3a-4","next":"us-nm/7-3a-6"},"notice":"GroundRules: Original legal text. Not legal advice."}