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2013 New Mexico Statutes
Chapter 7 - Taxation
Article 25 - Resources Excise Tax
Section 7-25-7 - Exemption; resources tax. (1966)


NM Stat § 7-25-7 (2013) What's This?

7-25-7. Exemption; resources tax. (1966) 
Exempted from the resources tax is the taxable value of any natural resource that is processed in New Mexico and on whose taxable value the processors tax is paid.   
  History: 1953 Comp., § 72-16A-26, enacted by Laws 1966, ch. 48, § 7. 

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