Go to Previous Versions
of
this Article
2025 New Mexico Statutes
Chapter 7 - Taxation
Article 32 - Oil and Gas Ad Valorem Production Tax
- Section 7-32-1 - Title.
- Section 7-32-2 - Definitions.
- Section 7-32-3 - Repealed.
- Section 7-32-4 - Ad valorem tax levied; collected by department; rate; interest owner's liability to state; Indian liability.
- Section 7-32-5 - Assessed value; method of determining.
- Section 7-32-6 - Value may be determined by department; standard.
- Section 7-32-7 - Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- Section 7-32-8 - Products on which tax has been levied; department rule.
- Section 7-32-9 - Operator or purchaser to withhold interest owner's tax; department may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
- Section 7-32-10 - Operator's report; tax remittance; additional information.
- Section 7-32-11 - Purchaser's report; tax remittance; additional information.
- Section 7-32-12 - Repealed.
- Section 7-32-13 - Department shall prepare schedules and forward to assessors and treasurers.
- Section 7-32-14 - Monthly report to department of finance and administration; remittance to state and county treasurers; state and county treasurers may distribute funds.
- Section 7-32-15 - Determination of assessed values for taxing districts.
- Section 7-32-16 - Repealed.
- Section 7-32-17 - Repealed.
- Section 7-32-18 - Repealed.
- Section 7-32-19 - Repealed.
- Section 7-32-20 - Repealed.
- Section 7-32-21 - Repealed.
- Section 7-32-22 - Repealed.
- Section 7-32-23 - Repealed.
- Section 7-32-24 - Repealed.
- Section 7-32-25 - Repealed.
- Section 7-32-26 - Repealed.
- Section 7-32-27 - Repealed.
- Section 7-32-28 - Advance payment required.
- Section 7-32-28 - Advance payment required. (Effective January 1, 2026.)
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
