NMSA 1978, § 7-34-5 — 7-34-5

Oil and gas production equipment ad valorem tax to be
exclusive measure of ad valorem tax liability.
The tax levied by Section 7-34-4 NMSA 1978 shall be the full and exclusive measure
of ad valorem tax liability for equipment used at a production unit. Any other ad valorem
tax on equipment used at a production unit is void.