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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-34-5

7-34-5

Official textnmonesource.comlast amended

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.

Amendment history

1953 Comp., § 72-24-5, enacted by Laws 1969, ch. 119, § 5; 1985, ch. 65, § 44; 2025, ch. 130, § 144.

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

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In this article (20 sections)
  1. 7-34-1 · Short title
  2. 7-34-2 · Definitions
  3. 7-34-3 · Method of determining assessed value
  4. 7-34-4 · Ad valorem tax levied
  5. 7-34-5 · 7-34-5
  6. 7-34-6 · Tax statement; tax due date
  7. 7-34-7 · Department shall report to county; tax schedule
  8. 7-34-8 · Repealed
  9. 7-34-9 · 7-34-9
  10. 7-34-10 · Repealed
  11. 7-34-11 · Repealed
  12. 7-34-12 · Repealed
  13. 7-34-13 · Repealed
  14. 7-34-14 · Repealed
  15. 7-34-15 · Repealed
  16. 7-34-16 · Repealed
  17. 7-34-17 · Repealed
  18. 7-34-18 · Repealed
  19. 7-34-19 · Repealed
  20. 7-34-20 · Repealed
Full table of contents →