NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-25-2
Purpose
Official textnmonesource.comlast amended
The purpose of the Resources Excise Tax Act is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.
Amendment history
1953 Comp., § 72-16A-21, enacted by Laws 1966, ch. 48, § 2.
Source: official source (NMSA chapter on nmonesource.com)
In this article (9 sections)
- 7-25-1 · Short title
- 7-25-2 · Purpose
- 7-25-3 · Definitions
- 7-25-4 · Rate and measure of tax; denomination as "resources tax"
- 7-25-5 · Rate and measure of tax; denomination as "processors tax"
- 7-25-6 · Rate and measure of tax; denomination as "service tax"
- 7-25-7 · Exemption; resources tax
- 7-25-8 · 7-25-8
- 7-25-9 · Date payment due