This tax shall not be levied more than once on the same product. Reporting of products on which this tax has been paid shall be subject to the regulation of the commission.
History: 1953 Comp., § 72-22-8, enacted by Laws 1959, ch. 55, § 8.
Cross references. — For meaning of "commission", see 7-32-2A NMSA 1978.
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.