§ 7-29-1 Title
§ 7-29-2 Definitions
§ 7-29-4 Oil and gas severance tax imposed; collection; interest owner’s liability to state; Indian liability
§ 7-29-4.1 Taxable value; method of determining
§ 7-29-4.2 Value may be determined by department; standard
§ 7-29-4.3 Price increase subject to approval of agency of United
§ 7-29-5 Products on which tax has been levied; regulation by commission
§ 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
§ 7-29-7 Operator’s report; tax remittance; additional information
§ 7-29-8 Purchaser’s report; tax remittance; additional information
§ 7-29-23 Advance payment required
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Terms Used In New Mexico Statutes > Chapter 7 > Article 29 - Oil and Gas Severance Tax

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.