NMSA 1978, § 7-25-8 — 7-25-8

Sales of natural resources subject to Gross Receipts and
Compensating Tax Act.
In addition to being subject to the Resources Excise Tax Act, any person who sells
nonfissionable natural resources other than for subsequent sale in the ordinary course
of business or for use as an ingredient or component part of a manufactured product is
also subject to the provisions of the Gross Receipts and Compensating Tax Act
[Chapter 7, Article 9 NMSA 1978] on such sales.