NMSA 1978, § 7-39-5 — Annual report of value

Each tax year the owner of a copper mineral property shall report to the department
on the forms and in the manner prescribed by the department the value, for purposes of
the Copper Production Ad Valorem Tax Act, of each copper mineral property owned
and the taxing jurisdictions in which each property is located. The report shall also
contain a declaration of the year in which the owner expects the copper mineral
property to be permanently shut down if permanent shutdown is expected within four
years. A declaration shall be made in each annual report subsequent to an annual
report in which such a declaration is first made for the copper mineral property. The
report shall be submitted on or before March 31 of the tax year for which value is being
determined. The report required by this subsection may be referred to as the "annual
report".