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2013 New Mexico Statutes
Chapter 7 - Taxation
Article 34 - Oil and Gas Production Equipment Ad Valorem Tax
Section 7-34-5 - Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability. (1985)


NM Stat § 7-34-5 (2013) What's This?

7-34-5. Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability. (1985) 
The tax levied by Section 7-34-4 NMSA 1978 shall be the full and exclusive measure of ad valorem tax liability for equipment used at a production unit for the calendar year 1969 and all subsequent years. Any other ad valorem tax on equipment used at a production unit is void.   
  History: 1953 Comp., § 72-24-5, enacted by Laws 1969, ch. 119, § 5; 1985, ch. 65, § 44. 

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