Exemption; compensating tax; use of oil and gas in the

NMSA 1978, § 7-9-37 — under Article 9.

NMSA 1978, § 7-9-37

pipeline transportation of oil and gas products. Exempted from the compensating tax is the use of oil, natural gas, liquid hydrocarbon or any combination thereof as fuel in the pipeline transportation of such products. History: 1953 Comp., § 72-16A-12.25, enacted by Laws 1969, ch. 144, § 30.