There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 26: Severance Tax, 7-26-1 through 7-26-11
Section 7-26-3: Imposition of tax; denomination as "severance tax".
NM Stat § 7-26-3 (1996 through 1st Sess 50th Legis) What's This?
7-26-3. Imposition of tax; denomination as "severance tax".
For the privilege of severing natural resources, there is imposed on any severer of natural resources in New Mexico an excise tax on the taxable value or the quantity of natural resources severed and saved by or for him as determined under, and at the rates provided in the Severance Tax Act. The tax imposed by this section shall be known as the "severance tax".
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