NMSA 1978, § 7-26-5 — 7-26-5

Tax rates on severed natural resources except coal and
uranium.
The severance tax is imposed at the following rates on the taxable value determined
under Section 7-26-4 NMSA 1978 of the following natural resources:

# A.

potash 2 1/2%

# B.

copper 1/2%

# C.

timber 1/8%

# D.

pumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic
minerals
1/8%

# E.

lead, zinc, thorium, molybdenum, manganese, rare earth and other
metals
1/8%

# F.

gold and silver 1/5%