The entire amount of income upon which tax was deducted and withheld shall be included in the gross income of the withholdee for state income tax purposes. The amount of tax deducted and withheld under the provisions of the Withholding Tax Act during the taxable year shall be credited against any state income tax liability for that taxable year. History: 1953 Comp., § 72-15-59, enacted by Laws 1961, ch. 243, § 11; 1990, ch. 64, § 7. ANNOTATIONSThe 1990 amendment, effective July 1, 1990, deleted 'from wages' following 'amount of income' and substituted 'withholdee' for 'employee' in the first sentence and 'tax deducted' for 'wages deducted' in the second sentence. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 258, 602. 85 C.J.S. Taxation §§ 1700, 1779 to 1780, 1782.
New Mexico Legal Code