1. All NM Taxes
  2. Frequently Asked Questions
  3. Who is not a qualified remittee?

Who is not a qualified remittee?

The United States of America, the State of New Mexico and any agencies, instrumentalities or political subdivisions of either government are not qualified, nor are 501(c)(3) nonprofit organizations. The payer does not need to withhold from oil and gas proceeds paid to any of those recipients.