2021 New Mexico Statutes
Chapter 7 - Taxation
Article 32 - Oil and Gas Ad Valorem Production Tax

Section 7-32-1 - Title. - Chapter 7, Article 32 NMSA 1978 may be cited as...

Section 7-32-2 - Definitions. - As used in the Oil and Gas Ad Valorem Production...

Section 7-32-3 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-3...

Section 7-32-4 - Ad valorem tax levied; collected by division; rate; interest owner's liability to state; Indian liability. - There is levied and shall be collected by the division...

Section 7-32-5 - Assessed value; method of determining. - A. The taxable value of products is an amount equal...

Section 7-32-6 - Value may be determined by commission; standard. - The commission may determine the value of products severed from...

Section 7-32-7 - Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund. - When an increase in the value of any product is...

Section 7-32-8 - Products on which tax has been levied; regulation by commission. - This tax shall not be levied more than once on...

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. - Any operator making a monetary payment to an interest owner...

Section 7-32-10 - Operator's report; tax remittance; additional information. - Each operator shall in the form and manner required by...

Section 7-32-11 - Purchaser's report; tax remittance; additional information. - Each purchaser shall in the form and manner required by...

Section 7-32-12 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-12...

Section 7-32-13 - Division shall prepare schedules and forward to assessors; assessor shall deliver schedule to treasurer. - By the last day of each month, the division shall...

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. - A. By the last day of each month, the department...

Section 7-32-15 - Determination of assessed values for taxing districts. - To determine for any purpose the total assessed value of...

Section 7-32-16 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-16...

Section 7-32-17 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-17...

Section 7-32-18 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-18...

Section 7-32-19 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-19...

Section 7-32-20 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-20...

Section 7-32-21 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-21...

Section 7-32-22 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-22...

Section 7-32-23 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-23...

Section 7-32-24 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-24...

Section 7-32-25 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-25...

Section 7-32-26 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-26...

Section 7-32-27 - Repealed. - Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-27...

Section 7-32-28 - Advance payment required. - A. Any person required to make payment of tax pursuant...