us-nm/stat

NMSA 1978, § 7-25-4 — Rate and measure of tax; denomination as "resources tax"

A.

For the privilege of severing natural resources, there is imposed on any severer
of natural resources in New Mexico an excise tax at the following rates on the taxable
value of the natural resources:
(1) all natural resources except potash and molybdenum, three-fourths of one
percent;
(2) potash, one-half of one percent; and
(3) molybdenum, one-eighth of one percent.

B.

The tax imposed by this section shall be referred to as the "resources tax".

Last amended: 1953 Comp., § 72-16A-23, enacted by Laws 1966, ch. 48, § 4; 1970, ch. 8, § 3; 1973, ch. 144, § 1; 1999, ch. 177, § 1; repealed and reenacted by 1999, ch. 177, § 2.

Source: official text

NMSA 1978, § 7-25-4 — Rate and measure of tax; denomination as "resources tax"

# A.

# B.

A.

B.