Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 11 - Railroad Car Company Tax, 7-11-1 through 7-11-12. > Section 7-11-6 - Liability of organizations.

Section 7-11-6 - Liability of organizations.

7-11-6. Liability of organizations.

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.