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2011 New Mexico Statutes
Chapter 7: Taxation
Article 9: Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114
Section 7-9-37: Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.


NM Stat § 7-9-37 (1996 through 1st Sess 50th Legis) What's This?

7-9-37. Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.

Exempted from the compensating tax is the use of oil, natural gas, liquid hydrocarbon or any combination thereof as fuel in the pipeline transportation of such products.

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