On or before January 31 of the year following that for which the annual statement of withholding is made pursuant to Section 7-3-7 NMSA 1978, a withholder shall provide to a withholdee:

1. A. a copy of the annual statement of withholding; and
2. B. information regarding state assistance for low-income New Mexicans, including information regarding refundable tax rebates and credits for low-income filers provided by the state, such as the low-income comprehensive tax rebate and the working families tax credit. The information shall be provided in English and in Spanish on a form and in a manner required by the department, and the department shall make the information available on the department's website.

History: Laws 1999, ch. 205, § 1; 2003, ch. 2, § 7; 2019, ch. 270, § 14; 2021, ch. 116, § 3.

ANNOTATIONS

The 2021 amendment, effective June 18, 2021, required withholders of the withholding tax to provide to withholdees information regarding state assistance for low-income New Mexicans from the taxation and revenue department; in the section heading, deleted "Copy of the" and added "annual", after "statement of withholding", added "and information regarding state assistance for low-income New Mexicans", and after "to be", deleted "furnished the withholdee" and added "provided to withholdees"; in the introductory clause, deleted "A copy of the annual statement of withholding shall be furnished to the withholdee by the withholder", added "annual" preceding "statement", and after "statement", added "of withholding", and after "is made", added "pursuant to Section 7-3-7 NMSA 1978, a withholder shall provide to a withholdee"; and added Subsections A and B.

The 1990 amendment, effective July 1, 1990, substituted "withholdee" for "employee" in the section heading and in the text, and substituted "to the withholdee by the withholder" for "the employee" and "January 31" for "February 15".