2021 New Mexico Statutes
Article 29 - Oil and Gas Severance Tax
Section 7-29-9 to 7-29-22 - Repealed.

Repeals. — Laws 1985, ch. 65, § 46 repealed 7-29-9 to 7-29-22 NMSA 1978, relating to the fund and remedies under the Oil and Gas Severance Tax Act, effective July 1, 1985.

Structure 2021 New Mexico Statutes

2021 New Mexico Statutes

Chapter 7 - Taxation

Article 29 - Oil and Gas Severance Tax

Section 7-29-1 - Title.

Section 7-29-2 - Definitions.

Section 7-29-3 - Repealed.

Section 7-29-4 - Oil and gas severance tax imposed; collection; interest owner's liability to state; Indian liability.

Section 7-29-4.1 - Taxable value; method of determining.

Section 7-29-4.2 - Value may be determined by department; standard.

Section 7-29-4.3 - Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.

Section 7-29-4.4 - Repealed.

Section 7-29-4.5 - Repealed.

Section 7-29-4.6 - Repealed.

Section 7-29-4.7 - Repealed.

Section 7-29-5 - Products on which tax has been levied; regulation by commission.

Section 7-29-6 - 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 7-29-7 - Operator's report; tax remittance; additional information.

Section 7-29-8 - Purchaser's report; tax remittance; additional information.

Section 7-29-9 to 7-29-22 - Repealed.

Section 7-29-23 - Advance payment required.