Oil and Gas Severance Tax

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Oil and Gas Severance Tax

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Section
7-29-1

Title.

Section
7-29-2

Definitions.

Section
7-29-3

Repealed.

Section
7-29-4

Oil and gas severance tax imposed; collection; interest owner's liability to state; Indian liability.

Section
7-29-4.1

Taxable value; method of determining.

Section
7-29-4.2

Value may be determined by department; standard.

Section
7-29-4.3

Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.

Section
7-29-4.4

Repealed.

Section
7-29-4.5

Repealed.

Section
7-29-4.6

Repealed.

Section
7-29-4.7

Repealed.

Section
7-29-5

Products on which tax has been levied; regulation by commission.

Section
7-29-6

Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.

Section
7-29-7

Operator's report; tax remittance; additional information.

Section
7-29-8

Purchaser's report; tax remittance; additional information.

Sections
7-29-9 to 7-29-22

Repealed.

Section
7-29-23

Advance payment required.