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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 26 - Severance Tax
Section 7-26-8 - Date payment of tax due.
Universal Citation: NM Stat § 7-26-8 (2019)
The severance tax is to be paid on or before the twenty-fifth day of the month following the month in which the taxable event occurs.
History: 1953 Comp., § 72-18-8, enacted by Laws 1977, ch. 102, § 10.
ANNOTATIONSRepeals. — Laws 1971, ch. 65, § 7, repealed former 72-18-8, 1953 Comp., relating to deduction of severance taxes by purchasers.
Cross references. — For deposit of receipts from taxes in severance tax bonding fund, see 7-27-2 NMSA 1978.
Law reviews. — For comment, "Constitutional Limitations On State Severance Taxes," see 20 Nat. Resources J. 887 (1980).
For comment, "An Outline For Development of Cost-Based State Severance Taxes," see 20 Nat. Resources J. 913 (1980).
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