N.M. Stat. § 7-25-7

Exemption; resources tax.

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Last amended: 1966Year: 2026Length: 29 wordsOfficial source

Exempted from the resources tax is the taxable value of any natural resource that is processed in New Mexico and on whose taxable value the processors tax is paid.

N.M. Stat. § 7-25-7: Exemption; resources tax. | Justis AI