us-nm/stat
NMSA 1978, § 7-1-6.21 — Distribution to oil and gas reclamation fund
A.
With respect to any period for which the rate of the tax imposed by Section 7-30-
4 NMSA 1978 is nineteen-hundredths percent, a distribution pursuant to Section 7-1-
6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an amount equal
to two-nineteenths of the net receipts attributable to the tax imposed under the Oil and
Gas Conservation Tax Act [Chapter 7, Article 30 NMSA 1978].
B.
With respect to any period for which the total rate of the tax imposed on oil by
Section 7-30-4 NMSA 1978 is twenty-four hundredths percent, a distribution pursuant to
Section 7-1-6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an
amount equal to nineteen and seven-tenths percent of the net receipts attributable to
the tax imposed under the Oil and Gas Conservation Tax Act.
Source: official text