Oil and Gas Ad Valorem Production Tax | Midpage

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New Mexico Statutes Annotated 1978

32

Oil and Gas Ad Valorem Production Tax

State of New Mexico

7-32-1Title 7-32-2Definitions 7-32-4Ad valorem tax levied; collected by department; rate; interest owner's liability to state; Indian liability 7-32-5Assessed value; method of determining 7-32-6Value may be determined by department; standard 7-32-7Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund 7-32-8Products on which tax has been levied; department rule 7-32-9Operator 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 7-32-10Operator's report; tax remittance; additional information 7-32-11Purchaser's report; tax remittance; additional information 7-32-13Department shall prepare schedules and forward to assessors and treasurers 7-32-14Monthly report to department of finance and administration; remittance to state and county treasurers; state and county treasurers may distribute funds 7-32-15Determination of assessed values for taxing districts 7-32-28Advance payment required