Chapter 7, Article 32 NMSA 1978 may be cited as the "Oil and Gas Ad Valorem Production Tax Act".
History: 1953 Comp., § 72-22-1, enacted by Laws 1959, ch. 55, § 1; 1985, ch. 65, § 36.
Cross references. — For intergovernmental tax credits, see 7-29C-1 NMSA 1978.
Law reviews. — For article, "New Mexico's Effort at Rational Taxation of Hard-Minerals Extraction," see 10 Nat. Resources J. 415 (1970).
For note, "Tribal Severance Taxes - Outside the Purview of the Commerce Clause," see 21 Nat. Resources J. 405 (1981).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 219, 220.
Effect of severance of fee in oil and gas from fee on surface on taxability of oil and gas rights or privileges, 16 A.L.R. 514, 29 A.L.R. 606, 146 A.L.R. 880.
What property is exempted from ad valorem tax under statute or constitution providing for payment of oil and gas production tax by producers in lieu of other taxes, 77 A.L.R. 1078.
Method or rule for valuation of oil lease for tax purposes, 84 A.L.R. 1310.
84 C.J.S. Taxation § 95 et seq.
Structure New Mexico Statutes
Article 32 - Oil and Gas Ad Valorem Production Tax
Section 7-32-5 - Assessed value; method of determining.
Section 7-32-6 - Value may be determined by commission; standard.
Section 7-32-8 - Products on which tax has been levied; regulation by commission.
Section 7-32-10 - Operator's report; tax remittance; additional information.
Section 7-32-11 - Purchaser's report; tax remittance; additional information.
Section 7-32-15 - Determination of assessed values for taxing districts.