2011 New Mexico Statutes
Chapter 7: Taxation
Article 26: Severance Tax, 7-26-1 through 7-26-11
Section 7-26-5: Tax rates on severed natural resources except coal and uranium.
7-26-5. Tax rates on severed natural resources except coal and uranium.
The severance tax is imposed at the following rates on the taxable value determined under Section 7-26-4 NMSA 1978 of the following natural resources:
A. potash 2 1/2%
B. copper 1/2%
C. timber 1/8%
D. pumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals 1/8%
E. lead, zinc, thorium, molybdenum, manganese, rare earth and other metals 1/8%
F. gold and silver 1/5%
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