Get NM TRD RPD-41284 2017-2023
1, 2003, remitters of oil and gas proceeds from oil and gas production from a well located in New Mexico must deduct and withhold tax from each payment of oil and gas proceeds to a nonresident of New Mexico (remittee). To calculate the withholding amount, multiply the effective rate for the reporting period by the gross amount of oil and gas proceeds that otherwise would have been payable to the remittee. Effective January 1, 2011, legislation combines reporting and withholding provisions for pa.
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