§ 7-29B-1 Short title
§ 7-29B-2 Definitions
§ 7-29B-3 Approval of production restoration projects, well workover projects and stripper well properties
§ 7-29B-4 Application procedures; certification of approval; rules;
§ 7-29B-5 Notice to secretary of taxation and revenue
§ 7-29B-6 Qualification for production restoration incentive tax exemption and well workover and stripper well property incentive tax rate; secretary of taxation and revenue approval; refund
§ 7-29C-1 Intergovernmental tax credits
§ 7-29C-2 Intergovernmental tax credit; severance tax on coal
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Terms Used In New Mexico Statutes > Chapter 7 > Article 29B - Natural Gas and Crude Oil Production Incentives

  • Dependent: A person dependent for support upon another.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • 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.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.