Chapter 7 — Chapter 7

1,736 sections in this chapter.

1,736 sectionsFiltered byCh 7

NMSA 1978, § 7-29B-4 Application procedures; certification of approval; rules;
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administration. A. The operator of a proposed production restoration project or well workover project shall apply to the division for approval of a production restoration project or a well workover project in the form and manner prescribed by the division and shall provide any re…
NMSA 1978, § 7-29B-5 Notice to secretary of taxation and revenue
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The division shall notify immediately the secretary of taxation and revenue upon: A. adoption of rules pursuant to the provisions of the Natural Gas and Crude Oil Production Incentive Act; B. certification of the date that production has been restored on a production restoration …
NMSA 1978, § 7-29B-6 Qualification for production restoration incentive tax
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exemption and well workover and stripper well property incentive tax rate; secretary of taxation and revenue approval; refund. A. The person responsible for paying the oil and gas severance tax on natural gas or oil produced from a production restoration project shall qualify to …
NMSA 1978, § 7-29C-1 Intergovernmental tax credits
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A. Any person who is liable for the payment of the oil and gas severance tax, the oil and gas conservation tax, the oil and gas emergency school tax or the oil and gas ad valorem production tax imposed on products severed from Indian tribal land or imposed on the privilege of sev…
NMSA 1978, § 7-29C-2 Intergovernmental tax credit; severance tax on coal
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A. Any person who is liable pursuant to Section 7-26-6 NMSA 1978 for the payment of the severance tax on coal severed and saved from tribal land is entitled to a credit to be computed under this section and to be deducted from the payment of the indicated tax. The credit provided…
NMSA 1978, § 7-30-1 Title
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Chapter 7, Article 30 NMSA 1978 may be cited as the "Oil and Gas Conservation Tax Act". History: 1953 Comp., § 72-20-1, enacted by Laws 1959, ch. 53, § 1; 1985, ch. 65, § 30.
NMSA 1978, § 7-30-10 Operator's report; tax remittance; additional information
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Each operator shall, in the form and manner required by the department, make a return to the department showing the total value, volume and kind of products sold from each production unit for each calendar month. All taxes due or to be remitted by the operator shall accompany thi…
NMSA 1978, § 7-30-11 Purchaser's report; tax remittance; additional information
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Each purchaser shall, in the form and manner required by the department, make a return to the department showing the total value, volume and kind of products purchased by him from each production unit for each calendar month. All taxes due or to be remitted by the purchaser shall…
NMSA 1978, § 7-30-12 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-12 NMSA 1978, as enacted by Laws 1959, ch. 53, § 12, relating to the oil and gas accounting commission conservation tax fund, refunds and adjustments, effective July 1, 1985.
NMSA 1978, § 7-30-13 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-13 NMSA 1978, as enacted by Laws 1959, ch. 53, § 13, relating to monthly report to department of finance and administration, transfer to oil conservation fund, effective July 1, 1985.
NMSA 1978, § 7-30-14 Recompiled
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ANNOTATIONS Recompilations. — Laws 1989, ch. 130, § 12 recompiled former 7-30-14 NMSA 1978, relating to disposition of oil conservation fund, as 70-2-36.1 NMSA 1978, effective June 16, 1989. Laws 1991, ch. 9, § 45A repealed 70-2-36.1 NMSA 1978, effective July 1, 1991.
NMSA 1978, § 7-30-15 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-15 NMSA 1978, as enacted by Laws 1959, ch. 53, § 15, relating to tax paid erroneously, refund, effective July 1, 1985.
NMSA 1978, § 7-30-16 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-16 NMSA 1978, as enacted by Laws 1959, ch. 53, § 16, relating to tax payment under protest, suit authorized, effective July 1, 1985.
NMSA 1978, § 7-30-17 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-17 NMSA 1978, as enacted by Laws 1959, ch. 53, § 17, relating to interest and penalties, restraint from severing products, effective July 1, 1985.
NMSA 1978, § 7-30-18 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-18 NMSA 1978, as enacted by Laws 1959, ch. 53, § 18, relating to subpoena power, misdemeanor, fine, effective July 1, 1985.
NMSA 1978, § 7-30-19 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-19 NMSA 1978, as enacted by Laws 1959, ch. 53, § 19, relating to refusal to make return, commission may assess, assessment binding on taxpayer, effective July 1, 1985.
NMSA 1978, § 7-30-2 Definitions
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As used in the Oil and Gas Conservation Tax Act: A. "department" means the taxation and revenue department, the secretary of taxation and revenue or any employee of the department exercising authority lawfully delegated to that employee by the secretary; B. "production unit" mean…
NMSA 1978, § 7-30-20 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-20 NMSA 1978, as enacted by Laws 1959, ch. 53, § 20, relating to restraining order, injunction, effective July 1, 1985.
NMSA 1978, § 7-30-21 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-21 NMSA 1978, as enacted by Laws 1959, ch. 53, § 21, relating to personal debt, action in any district court, effective July 1, 1985.
NMSA 1978, § 7-30-22 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-22 NMSA 1978, as enacted by Laws 1959, ch. 53, § 22, relating to lien against property, notice to be filed, notice to debtor, effective July 1, 1985.
NMSA 1978, § 7-30-23 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-23 NMSA 1978, as enacted by Laws 1959, ch. 53, § 23, relating to sale of property to satisfy lien, effective July 1, 1985.
NMSA 1978, § 7-30-24 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-24 NMSA 1978, as enacted by Laws 1959, ch. 53, § 24, relating to the remedies under the Oil and Gas Conservation Tax Act, effective July 1, 1985.
NMSA 1978, § 7-30-25 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-25 NMSA 1978, as enacted by Laws 1959, ch. 53, § 25, relating to remedies cumulative, effective July 1, 1985.
NMSA 1978, § 7-30-26 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-26 NMSA 1978, as enacted by Laws 1959, ch. 53, § 26, relating to limitation of actions, effective July 1, 1985.
NMSA 1978, § 7-30-27 Advance payment required
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A. Any person required to make payment of tax pursuant to Section 7-30-10 or 7- 30-11 NMSA 1978 shall make the advance payment required by this section. B. For the purposes of this section: (1) "advance payment" means the payment required to be made by this section in addition to…
NMSA 1978, § 7-30-3 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-30-3 NMSA 1978, as enacted by Laws 1959, ch. 53, § 3, relating to the purpose and declaration of intention of the Oil and Gas Conservation Tax Act, effective July 1, 1985.
NMSA 1978, § 7-30-4 Oil and gas conservation tax levied; collected by
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department; rate; interest owner's liability to state; Indian liability. A. There is levied and shall be collected by the department a tax on all products that are severed and sold. The measure and rate of the tax shall be nineteen-hundredths percent of the taxable value of sold …
NMSA 1978, § 7-30-5 Taxable value; method of determining
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A. To determine the taxable value of oil, natural gas or liquid hydrocarbon, individually or any combination thereof, carbon dioxide, helium or non-hydrocarbon gases, there shall be deducted from the value of products: (1) royalties paid or due the United States or the state of N…
NMSA 1978, § 7-30-6 Value may be determined by department; standard
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The department may determine the value of products severed from a production unit when: A. the operator and purchaser are affiliated persons; B. the sale and purchase of products is not an arm's length transaction; or when C. products are severed and removed from a production uni…
NMSA 1978, § 7-30-7 Price increase subject to approval of agency of United
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States of America, state of New Mexico or court; refund. When an increase in the value of any product is subject to the approval of any agency of the United States of America or the state of New Mexico, or any court, the increased value shall be subject to this tax. In the event …
NMSA 1978, § 7-30-8 Products on which tax has been levied; regulation by
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department. This tax shall not be levied more than once on the same product. Reporting of products on which this tax has been paid shall be subject to the regulation of the department. History: 1953 Comp., § 72-20-8, enacted by Laws 1959, ch. 53, § 8; 1989, ch. 130, § 8.
NMSA 1978, § 7-30-9 Operator or purchaser to withhold interest owner's tax;
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department may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed. A. Any operator making a monetary payment to an interest owner for the interest owner's portion of the value of products from a production unit shall withh…
NMSA 1978, § 7-31-1 Title
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Chapter 7, Article 31 NMSA 1978 may be cited as the "Oil and Gas Emergency School Tax Act". History: 1953 Comp., § 72-21-1, enacted by Laws 1959, ch. 54, § 1; 1985, ch. 65, § 34.
NMSA 1978, § 7-31-10 Operator's report; tax remittance; additional information
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Each operator shall, in the form and manner required by the department, file a return with the department showing the total value, volume and kind of products sold from each production unit for each calendar month. All taxes due or to be remitted by the operator shall accompany t…
NMSA 1978, § 7-31-10.1 Repealed
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ANNOTATIONS Repeals. — Laws 1999, ch. 218, § 3 repealed 7-31-10.1 NMSA 1978, as enacted by Laws 1999, ch. 218, § 1, relating to one-time tax credit for new wells, effective July 1, 2001. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
NMSA 1978, § 7-31-11 Purchaser's report; tax remittance; additional information
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Each purchaser shall, in the form and manner required by the department, file a return to the department showing the total value, volume and kind of products purchased by the purchaser from each production unit for each calendar month. All taxes due or to be remitted by the purch…
NMSA 1978, § 7-31-12 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-12 NMSA 1978, as enacted by Laws 1959, ch. 54, § 12, relating to oil and gas accounting commission emergency school tax fund, refunds and adjustments, effective July 1, 1985.
NMSA 1978, § 7-31-13 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-13 NMSA 1978, as enacted by Laws 1959, ch. 54, § 13, relating to monthly report to department of finance and administration, transfer to public school equalization fund, effective July 1, 1985.
NMSA 1978, § 7-31-14 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-14 NMSA 1978, as enacted by Laws 1959, ch. 54, § 14, relating to tax paid erroneously, refund, effective July 1, 1985.
NMSA 1978, § 7-31-15 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-15 NMSA 1978, as enacted by Laws 1959, ch. 54, § 15, relating to tax payment under protest, suit authorized, effective July 1, 1985.
NMSA 1978, § 7-31-16 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-16 NMSA 1978, as enacted by Laws 1959, ch. 54, § 16, relating to interest and penalties, restraint from severing products, effective July 1, 1985.
NMSA 1978, § 7-31-17 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-17 NMSA 1978, as enacted by Laws 1959, ch. 54, § 17, relating to subpoena power, misdemeanor fine, effective July 1, 1985.
NMSA 1978, § 7-31-18 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-18 NMSA 1978, as enacted by Laws 1959, ch. 54, § 18, relating to refusal to make return, commission may assess, assessment binding on taxpayer, effective July 1, 1985.
NMSA 1978, § 7-31-19 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-19 NMSA 1978, as enacted by Laws 1959, ch. 54, § 19, relating to restraining order, injunction, effective July 1, 1985.
NMSA 1978, § 7-31-2 Definitions
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As used in the Oil and Gas Emergency School Tax Act: A. "department" means the taxation and revenue department, the secretary of taxation and revenue or any employee of the department exercising authority lawfully delegated to that employee by the secretary; B. "production unit" …
NMSA 1978, § 7-31-20 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-20 NMSA 1978, as enacted by Laws 1959, ch. 54, § 20, relating to personal debt, action in any district court, effective July 1, 1985.
NMSA 1978, § 7-31-21 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-21 NMSA 1978, as enacted by Laws 1959, ch. 54, § 21, relating to lien against property, notice to be filed, notice to debtor, effective July 1, 1985.
NMSA 1978, § 7-31-22 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-22 NMSA 1978, as enacted by Laws 1959, ch. 54, § 22, relating to sale of property to satisfy lien, effective July 1, 1985.
NMSA 1978, § 7-31-23 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-23 NMSA 1978, as enacted by Laws 1959, ch. 54, § 23, relating to payment of taxes to release lien, effective July 1, 1985.
NMSA 1978, § 7-31-24 Repealed
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ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-24 NMSA 1978, as enacted by Laws 1959, ch. 54, § 24, relating to remedies cumulative, effective July 1, 1985.