§ 7-11-1 Short title
§ 7-11-2 Definitions
§ 7-11-3 Imposition of tax; tax rate; tax in lieu of property taxes
§ 7-11-4 Situs of railway cars; gross earnings
§ 7-11-5 Withholding and payment of tax; duty of railroads using or leasing cars to make reports
§ 7-11-6 Liability of organizations
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Terms Used In New Mexico Statutes > Chapter 7 > Article 11 - Railroad Car Company Tax

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.