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Chapter 7 - Taxation.
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Article 32 - Oil and Gas Ad Valorem Production Tax, 7-32-1 through 7-32-28.
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NEW MEXICO STATUTES AND CODES
Article 32 - Oil and Gas Ad Valorem Production Tax, 7-32-1 through 7-32-28.
Section 7-32-1 - Title.
Section 7-32-2 - Definitions.
Section 7-32-3 - Repealed.
Section 7-32-4 - Ad valorem tax levied; collected by division; rate; interest owner's liability to state; Indian liability.
Section 7-32-5 - Assessed value; method of determining.
Section 7-32-6 - Value may be determined by commission; standard.
Section 7-32-7 - Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
Section 7-32-8 - Products on which tax has been levied; regulation by commission.
Section 7-32-9 - Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
Section 7-32-10 - Operator's report; tax remittance; additional information.
Section 7-32-11 - Purchaser's report; tax remittance; additional information.
Section 7-32-12 - Repealed.
Section 7-32-13 - Division shall prepare schedules and forward to assessors; assessor shall deliver schedule to treasurer.
Section 7-32-14 - Monthly report to department of finance and administration; remittance to state and county treasurers; state and county treasurers may distribute funds.
Section 7-32-15 - Determination of assessed values for taxing districts.
Section 7-32-16 to 7-32-27 - Repealed.
Section 7-32-28 - Advance payment required.
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