§ 7-31-1 Title
§ 7-31-2 Definitions
§ 7-31-4 Privilege tax levied; collected by department; rate; interest owner’s liability to state; Indian liability
§ 7-31-5 Taxable value; method of determining
§ 7-31-6 Value may be determined by commission; standard
§ 7-31-7 Price increase subject to approval of agency of United
§ 7-31-8 Products on which tax has been levied; regulation by commission
§ 7-31-9 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
§ 7-31-10 Operator’s report; tax remittance; additional information
§ 7-31-11 Purchaser’s report; tax remittance; additional information
§ 7-31-26 Advance payment required
§ 7-31-27 Jicarilla Apache tribal capital improvements tax credit
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Terms Used In New Mexico Statutes > Chapter 7 > Article 31 - Oil and Gas Emergency School 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.
  • 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.
  • 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.