NMSA 1978, § 7-39-7 — Determination of taxable values for taxing districts

To determine for any purpose the total taxable value of property required to be taxed
under the Copper Production Ad Valorem Tax Act for any taxing jurisdiction for any year
after 1990, the taxable value of copper mineral property for the taxing jurisdiction
entered upon the schedules prepared under the Copper Production Ad Valorem Tax Act
for the tax year preceding the determination shall be used.