Section 7-3A-9 - Interpretation of act; administration and enforcement of act. - New Mexico Statutes

7-3A-9. Interpretation of act; administration and enforcement of act.

A.     The department shall interpret the provisions of the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act.

B.     The department shall administer and enforce the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act, and the Tax Administration Act [7-1-1 NMSA 1978] applies to the administration and enforcement of the Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act.