There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 7 - Taxation
Article 26 - Severance Tax
Section 7-26-5 - Tax rates on severed natural resources except coal and uranium. (1984)
NM Stat § 7-26-5 (2013) What's This?
7-26-5. Tax rates on severed natural resources except coal and uranium. (1984)
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%
History: 1953 Comp., § 72-18-5, enacted by Laws 1977, ch. 102, § 7; 1984, ch. 84, § 2.
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