Oil and Gas Severance Tax | Midpage

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New Mexico Statutes Annotated 1978

29

Oil and Gas Severance Tax

State of New Mexico

7-29-1Title 7-29-2Definitions 7-29-4Oil and gas severance tax imposed; collection; interest owner's liability to state; Indian liability 7-29-4.1Taxable value; method of determining 7-29-4.2Value may be determined by department; standard 7-29-4.3Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund 7-29-5Products on which tax has been levied; department rule 7-29-6Operator or purchaser to withhold interest owner's tax; department may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed 7-29-7Operator's report; tax remittance; additional information 7-29-8Purchaser's report; tax remittance; additional information 7-29-23Advance payment required