NMSA 1978, § 7-31-7 — 7-31-7

Price increase subject to approval of agency of United
States of America, state of New Mexico or court; refund.
When an increase in the value of any product is subject to the approval of any
agency of the United States of America or the state of New Mexico or any court, the
increased value shall be subject to this tax. In the event the increase in value is
disapproved, either in whole or in part, then the amount of tax which has been paid on
the disapproved part of the value shall be considered excess tax. Any person who has
paid any such excess tax may apply for a refund of that excess tax in accordance with
the provisions of Section 7-1-26 NMSA 1978.