The severance tax is to be paid on or before the twenty-fifth day of the month following the month in which the taxable event occurs. History: 1953 Comp., § 72-18-8, enacted by Laws 1977, ch. 102, § 10. Repeals. — Laws 1971, ch. 65, § 7, repealed former 72-18-8, 1953 Comp., relating to deduction of severance taxes by purchasers. Cross references. — For deposit of receipts from taxes in severance tax bonding fund, see 7-27-2 NMSA 1978. Law reviews. — For comment, "Constitutional Limitations On State Severance Taxes," see 20 Nat. Resources J. 887 (1980). For comment, "An Outline For Development of Cost-Based State Severance Taxes," see 20 Nat. Resources J. 913 (1980).
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.