Distribution to severance tax bonding fund.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Administration
  5. Distribution to severance tax bonding fund.

Checkout our iOS App for a better way to browser and research.

A distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the severance tax bonding fund of the net receipts attributable to the taxes and advance payment imposed pursuant to the Severance Tax Act [7-26-1 to 7-26-8 NMSA 1978] and the Oil and Gas Severance Tax Act [Chapter 7, Article 29 NMSA 1978].

History: 1978 Comp., § 7-1-6.23, enacted by Laws 1985, ch. 65, § 9; 1991, ch. 9, § 18.

ANNOTATIONS

Cross references. — For the severance tax bonding fund, see 7-27-2 NMSA 1978.

The 1991 amendment, effective July 1, 1991, inserted "and advance payment".


Download our app to see the most-to-date content.