NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-29A-4
7-29A-4
Notification to the secretary of taxation and revenue;
duties of the secretary.
# A.
The division shall immediately notify the secretary of taxation and revenue upon:
# (1)
certifying that a positive production response has occurred for an enhanced oil recovery project, in which case the notice shall contain the date certification was made and the date positive production response occurred;
# (2)
receiving notification of termination of an enhanced recovery project, in which case the notice shall contain the date of termination; and
# (3)
adopting and promulgating rules and regulations pursuant to the provisions of the Enhanced Oil Recovery Act.
# B.
The secretary of taxation and revenue shall adopt and promulgate rules and regulations to enforce the provisions of the Enhanced Oil Recovery Act.
Amendment history
Laws 1992, ch. 38, § 4.
Source: official source (NMSA chapter on nmonesource.com)