Chapter 7 — Chapter 7

1,736 sections in this chapter.

1,736 sectionsFiltered byCh 7

NMSA 1978, § 7-31-25 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-25 NMSA 1978, as enacted by Laws 1959, ch. 54, § 25, relating to limitation of actions, effective July 1, 1985.
NMSA 1978, § 7-31-26 Advance payment required
3.3K chars
A. Any person required to make payment of tax pursuant to Section 7-31-10 or 7- 31-11 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, § 7-31-27 Jicarilla Apache tribal capital improvements tax credit
3.6K chars
A. A person who is liable for the payment of the oil and gas emergency school tax imposed on products severed from Jicarilla Apache tribal land or imposed on the privilege of severing products from Jicarilla Apache tribal land shall be entitled to a credit to be computed pursuant…
NMSA 1978, § 7-31-3 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-31-3 NMSA 1978, as amended by Laws 1975, ch. 133, § 3, relating to the purpose and declaration of intention of the Oil and Gas Emergency School Tax Act, effective July 1, 1985.
NMSA 1978, § 7-31-4 Privilege tax levied; collected by department; rate; interest
3.2K chars
owner's liability to state; Indian liability. A. There is imposed and shall be collected by the department a privilege tax on all products that are severed and sold. The measure of the tax shall be: (1) on oil and on oil and other liquid hydrocarbons removed from natural gas at o…
NMSA 1978, § 7-31-5 Taxable value; method of determining
0.5K chars
To determine the taxable value there shall be deducted from the value of products: A. royalties paid or due the United States or the state of New Mexico; B. royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of the United States of America; and C. the …
NMSA 1978, § 7-31-6 Value may be determined by department; standard
0.7K chars
A. The department may determine the value of products severed from a production unit when: (1) the operator and purchaser are affiliated persons; (2) the sale and purchase of products is not an arm's length transaction; or (3) products are severed and removed from a production un…
NMSA 1978, § 7-31-7 Price increase subject to approval of agency of United
0.7K chars
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 t…
NMSA 1978, § 7-31-8 Products on which tax has been levied; department rule
0.3K chars
The tax shall not be levied more than once on the same product. Reporting of products on which the tax has been paid shall be subject to department rule. History: 1953 Comp., § 72-21-8, enacted by Laws 1959, ch. 54, § 8; 1978 Comp., § 7- 31-8, 2025, ch. 130, § 126.
NMSA 1978, § 7-31-9 Operator or purchaser to withhold interest owner's tax;
1.3K chars
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, § 7-32-1 Title
0.2K chars
Chapter 7, Article 32 NMSA 1978 may be cited as the "Oil and Gas Ad Valorem Production Tax Act". History: 1953 Comp., § 72-22-1, enacted by Laws 1959, ch. 55, § 1; 1985, ch. 65, § 36.
NMSA 1978, § 7-32-10 Operator's report; tax remittance; additional information
0.7K chars
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, § 7-32-11 Purchaser's report; tax remittance; additional information
0.7K chars
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, § 7-32-12 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-12 NMSA 1978, as enacted by Laws 1959, ch. 55, § 12, relating to the oil and gas accounting commission ad valorem tax fund, effective July 1, 1985.
NMSA 1978, § 7-32-13 Department shall prepare schedules and forward to
0.9K chars
assessors and treasurers. By the last day of each month, the department shall prepare and certify a schedule to the respective counties in which production units are located. The schedules shall reflect the accounting of the preceding month and shall list each production unit and…
NMSA 1978, § 7-32-14 Monthly report to department of finance and
1.6K chars
administration; remittance to state and county treasurers; state and county treasurers may distribute funds. A. By the last day of each month, the department shall prepare and certify a report to the secretary of finance and administration. The report shall be for the preceding m…
NMSA 1978, § 7-32-15 Determination of assessed values for taxing districts
0.5K chars
To determine for any purpose the total assessed value of property required to be assessed under the Oil and Gas Ad Valorem Production Tax Act for any taxing district, the assessed value of the taxing district as is reflected by the oil and gas ad valorem production tax schedules …
NMSA 1978, § 7-32-16 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-16 NMSA 1978, as enacted by Laws 1959, ch. 55, § 16, relating to tax paid erroneously, refund, effective July 1, 1985.
NMSA 1978, § 7-32-17 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-17 NMSA 1978, as enacted by Laws 1959, ch. 55, § 17, relating to tax payment under protest, suit authorized, effective July 1, 1985.
NMSA 1978, § 7-32-18 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-18 NMSA 1978, as enacted by Laws 1959, ch. 55, § 18, relating to interest and penalties, restraint from severing products, effective July 1, 1985.
NMSA 1978, § 7-32-19 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-19 NMSA 1978, as enacted by Laws 1959, ch. 55, § 19, relating to subpoena power, misdemeanor fine, effective July 1, 1985.
NMSA 1978, § 7-32-2 Definitions
2.5K chars
As used in the Oil and Gas Ad Valorem Production 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 u…
NMSA 1978, § 7-32-20 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-20 NMSA 1978, as enacted by Laws 1959, ch. 55, § 20, relating to refusal to make return, commission may assess, assessment binding on taxpayer, effective July 1, 1985.
NMSA 1978, § 7-32-21 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-21 NMSA 1978, as enacted by Laws 1959, ch. 55, § 21, relating to restraining order, injunction, effective July 1, 1985.
NMSA 1978, § 7-32-22 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-22 NMSA 1978, as enacted by Laws 1959, ch. 55, § 22, relating to personal debt, action in any district court, effective July 1, 1985.
NMSA 1978, § 7-32-23 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-23 NMSA 1978, as enacted by Laws 1959, ch. 55, § 23, relating to lien against property, notice to be filed, notice to debtor, effective July 1, 1985.
NMSA 1978, § 7-32-24 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-24 NMSA 1978, as enacted by Laws 1959, ch. 55, § 24, relating to sale of property to satisfy lien, effective July 1, 1985.
NMSA 1978, § 7-32-25 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-25 NMSA 1978, as enacted by Laws 1959, ch. 55, § 25, relating to payment of taxes to release lien, effective July 1, 1985.
NMSA 1978, § 7-32-26 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-26 NMSA 1978, as enacted by Laws 1959, ch. 55, § 26, relating to remedies cumulative, effective July 1, 1985.
NMSA 1978, § 7-32-27 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-27 NMSA 1978, as enacted by Laws 1959, ch. 55, § 27, relating to limitation of actions, effective July 1, 1985.
NMSA 1978, § 7-32-28 Advance payment required
3.4K chars
A. Any person required to make payment of tax pursuant to Section 7-32-10 or 7- 32-11 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, § 7-32-3 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-32-3 NMSA 1978, as enacted by Laws 1959, ch. 55, § 3, relating to the purpose and declaration of intention of the Oil and Gas Ad Valorem Production Tax Act, effective July 1, 1985.
NMSA 1978, § 7-32-4 Ad valorem tax levied; collected by department; rate;
1.0K chars
interest owner's liability to state; Indian liability. There is levied and shall be collected by the department an ad valorem tax on the assessed value of products which are severed and sold to a purchaser from each production unit at the rate certified to the department by the d…
NMSA 1978, § 7-32-5 Assessed value; method of determining
1.2K chars
A. The taxable value of products is an amount equal to one hundred fifty percent of the value of products after deducting: (1) royalties paid or due the United States or the state of New Mexico; (2) royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of…
NMSA 1978, § 7-32-6 Value may be determined by department; standard
0.7K chars
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 C. products are severed and removed from a production unit and…
NMSA 1978, § 7-32-7 Price increase subject to approval of agency of United
0.7K chars
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 t…
NMSA 1978, § 7-32-8 Products on which tax has been levied; department rule
0.3K chars
The tax shall not be levied more than once on the same product. Reporting of products on which the tax has been paid shall be subject to department rule. History: 1953 Comp., § 72-22-8, enacted by Laws 1959, ch. 55, § 8; 1978 Comp., § 7- 32-8, 2025, ch. 130, § 134.
NMSA 1978, § 7-32-9 Operator or purchaser to withhold interest owner's tax;
1.3K chars
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, § 7-33-1 Short title
0.2K chars
Chapter 7, Article 33 NMSA 1978 may be cited as the "Natural Gas Processors Tax Act". History: 1953 Comp., § 72-23-1, enacted by Laws 1963, ch. 179, § 1; 1970, ch. 13, § 2; 1985, ch. 65, § 41.
NMSA 1978, § 7-33-10 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-10 NMSA 1978, as enacted by Laws 1963, ch. 179, § 10, relating to monthly report to department of finance and administration, transfer to state general fund, effective July 1, 1985.
NMSA 1978, § 7-33-11 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-11 NMSA 1978, as enacted by Laws 1963, ch. 179, § 11, relating to tax paid erroneously, refund, effective July 1, 1985.
NMSA 1978, § 7-33-12 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-12 NMSA 1978, as enacted by Laws 1963, ch. 179, § 12, relating to tax paid under protest, suit authorized, effective July 1, 1985.
NMSA 1978, § 7-33-13 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-13 NMSA 1978, as enacted by Laws 1963, ch. 179, § 13, relating to interest and penalties, effective July 1, 1985.
NMSA 1978, § 7-33-14 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-14 NMSA 1978, as enacted by Laws 1963, ch. 179, § 14, relating to subpoena power, misdemeanor, effective July 1, 1985.
NMSA 1978, § 7-33-15 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-15 NMSA 1978, as enacted by Laws 1963, ch. 179, § 15, relating to refusal to make return, commission may assess, assessment binding on manufacturer, effective July 1, 1985.
NMSA 1978, § 7-33-16 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-16 NMSA 1978, as enacted by Laws 1963, ch. 179, § 16, relating to restraining order, injunction, effective July 1, 1985.
NMSA 1978, § 7-33-17 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-17 NMSA 1978, as enacted by Laws 1963, ch. 179, § 17, relating to personal debt, action in any district court, effective July 1, 1985.
NMSA 1978, § 7-33-18 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-18 NMSA 1978, as enacted by Laws 1963, ch. 179, § 18, relating to lien against property, notice to be filed, notice to debtor, effective July 1, 1985.
NMSA 1978, § 7-33-19 Repealed
0.2K chars
ANNOTATIONS Repeals. — Laws 1985, ch. 65, § 46 repealed 7-33-19 NMSA 1978, as enacted by Laws 1963, ch. 179, § 19, relating to sale of property to satisfy lien, effective July 1, 1985.
NMSA 1978, § 7-33-2 Definitions
1.7K chars
As used in the Natural Gas Processors Tax Act: A. "average annual taxable value" means the average of the taxable value per mcf, determined pursuant to Section 7-31-5 NMSA 1978, of all natural gas produced in New Mexico for the specified calendar year as determined by the departm…