NMSA 1978, § 7-31-5 — Taxable value; method of determining

To determine the taxable value there shall be deducted from the value of products:

# A.

royalties paid or due the United States or the state of New Mexico;

# B.

royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of the
United States of America; and

# C.

the reasonable expense of trucking any product from the production unit to the
first place of market.