NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-25-7
Exemption; resources tax
Official textnmonesource.comlast amended
Exempted from the resources tax is the taxable value of any natural resource that is processed in New Mexico and on whose taxable value the processors tax is paid.
Amendment history
1953 Comp., § 72-16A-26, enacted by Laws 1966, ch. 48, § 7.
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