The severance tax is to be paid on or before the twenty-fifth day of the month following the month in which the taxable event occurs.
History: 1953 Comp., § 72-18-8, enacted by Laws 1977, ch. 102, § 10.
Repeals. — Laws 1971, ch. 65, § 7, repealed former 72-18-8, 1953 Comp., relating to deduction of severance taxes by purchasers.
Cross references. — For deposit of receipts from taxes in severance tax bonding fund, see 7-27-2 NMSA 1978.
Law reviews. — For comment, "Constitutional Limitations On State Severance Taxes," see 20 Nat. Resources J. 887 (1980).
For comment, "An Outline For Development of Cost-Based State Severance Taxes," see 20 Nat. Resources J. 913 (1980).
Structure New Mexico Statutes
Section 7-26-3 - Imposition of tax; denomination as "severance tax".
Section 7-26-4 - Determination of taxable value of natural resources.
Section 7-26-5 - Tax rates on severed natural resources except coal and uranium.
Section 7-26-6 - Severance tax on coal; surtax.
Section 7-26-6.2 - Coal surtax exemption; qualification requirements.
Section 7-26-7 - Severance tax on uranium.