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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-31-5

Taxable value; method of determining

Official textnmonesource.comlast amended

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.

Amendment history

1953 Comp., § 72-21-5, enacted by Laws 1959, ch. 54, § 5; 1963, ch. 179, § 25.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (28 sections)
  1. 7-31-1 · Title
  2. 7-31-2 · Definitions
  3. 7-31-3 · Repealed
  4. 7-31-4 · 7-31-4
  5. 7-31-5 · Taxable value; method of determining
  6. 7-31-6 · Value may be determined by department; standard
  7. 7-31-7 · 7-31-7
  8. 7-31-8 · Products on which tax has been levied; department rule
  9. 7-31-9 · 7-31-9
  10. 7-31-10 · Operator's report; tax remittance; additional information
  11. 7-31-10.1 · Repealed
  12. 7-31-11 · Purchaser's report; tax remittance; additional information
  13. 7-31-12 · Repealed
  14. 7-31-13 · Repealed
  15. 7-31-14 · Repealed
  16. 7-31-15 · Repealed
  17. 7-31-16 · Repealed
  18. 7-31-17 · Repealed
  19. 7-31-18 · Repealed
  20. 7-31-19 · Repealed
  21. 7-31-20 · Repealed
  22. 7-31-21 · Repealed
  23. 7-31-22 · Repealed
  24. 7-31-23 · Repealed
  25. 7-31-24 · Repealed
  26. 7-31-25 · Repealed
  27. 7-31-26 · Advance payment required
  28. 7-31-27 · Jicarilla Apache tribal capital improvements tax credit
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