New Mexico Statutes 7-31-5. Taxable value; method of determining
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To determine the taxable value there shall be deducted from the value of products: A. royalties paid or due the United States or the state of New Mexico;
B. royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of the United States of America; and
C. the reasonable expense of trucking any product from the production unit to the first place of market.