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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 25: Resources Excise Tax, 7-25-1 through 7-25-9
Section 7-25-4: Rate and measure of tax; denomination as "resources tax".
Universal Citation:
NM Stat § 7-25-4 (1996 through 1st Sess 50th Legis)
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7-25-4. Rate and measure of tax; denomination as "resources tax".
A. For the privilege of severing natural resources, there is imposed on any severer of natural resources in New Mexico an excise tax at the following rates on the taxable value of the natural resources:
(1) all natural resources except potash and molybdenum, three-fourths of one percent;
(2) potash, one-half of one percent; and
(3) molybdenum, one-eighth of one percent.
B. The tax imposed by this section shall be referred to as the "resources tax".
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