NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-26-3
Imposition of tax; denomination as "severance tax"
Official textnmonesource.comlast amended
For the privilege of severing natural resources, there is imposed on any severer of natural resources in New Mexico an excise tax on the taxable value or the quantity of natural resources severed and saved by or for him as determined under, and at the rates provided in the Severance Tax Act. The tax imposed by this section shall be known as the "severance tax".
Amendment history
1953 Comp., § 72-18-3, enacted by Laws 1971, ch. 65, § 5; 1977, ch. 102, § 5.
Source: official source (NMSA chapter on nmonesource.com)
In this article (14 sections)
- 7-26-1 · Short title
- 7-26-2 · Definitions
- 7-26-3 · Imposition of tax; denomination as "severance tax"
- 7-26-4 · Determination of taxable value of natural resources
- 7-26-5 · 7-26-5
- 7-26-6 · Severance tax on coal; surtax
- 7-26-6.1 · Repealed
- 7-26-6.2 · Coal surtax exemption; qualification requirements
- 7-26-7 · Severance tax on uranium
- 7-26-7.1 · Repealed
- 7-26-8 · Date payment of tax due
- 7-26-9 · Repealed
- 7-26-10 · Repealed
- 7-26-11 · Repealed