Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.

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Exempted from the compensating tax is the use of oil, natural gas, liquid hydrocarbon or any combination thereof as fuel in the pipeline transportation of such products.

History: 1953 Comp., § 72-16A-12.25, enacted by Laws 1969, ch. 144, § 30.

ANNOTATIONS

Effective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 30 effective July 1, 1969.


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