§ 7-25-1 Short title
§ 7-25-2 Purpose
§ 7-25-3 Definitions
§ 7-25-4 Rate and measure of tax; denomination as “resources tax”
§ 7-25-5 Rate and measure of tax; denomination as “processors tax”
§ 7-25-6 Rate and measure of tax; denomination as “service tax”
§ 7-25-7 Exemption; resources tax
§ 7-25-8 Sales of natural resources subject to Gross Receipts and
§ 7-25-9 Date payment due
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Terms Used In New Mexico Statutes > Chapter 7 > Article 25 - Resources Excise 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.