3.19.4.8 NMAC

Section 8. Gross Value Of Sand And Gravel

Last amended: 2001Year: 2001Length: 58 wordsOfficial source
A. In the absence of substantial evidence of a different posted field or market price for sand and gravel, it is presumed that the gross value of sand and gravel for purposes of the Severance Tax Act is $1.75 per ton. B. In the absence of evidence of lower deductible expenses the maximum 50% deduction will be allowed.
3.19.4.8 NMAC: Section 8. Gross Value Of Sand And Gravel | Justis AI