2011 New Mexico Statutes
Chapter 7: Taxation
Article 26: Severance Tax, 7-26-1 through 7-26-11
Section 7-26-7: Severance tax on uranium.
7-26-7. Severance tax on uranium.
The severance tax on uranium is measured by the quantity of U3O8 contained in and recoverable from severed and saved uranium-bearing material whether that material is ore or solution, measured in a standard manner established by regulation of the director. The taxable event is the sale, transportation out of New Mexico or consumption of the uranium-bearing material, whichever first occurs. Upon each pound of severed and saved U3O8 contained in severed uranium-bearing material, there shall be collected from the severer a severance tax equal to three and one-half percent of taxable value.
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