§ 7-26-5. Tax rates on severed natural resources except coal and uranium

The severance tax is imposed at the following rates on the taxable value determined under Section 7-26-4 NMSA 1978 of the following natural resources: A. potash․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ 2 1 / 2 % B. copper․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․ 1 / 2 % C. timber․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․ 1 / 8 % D. pumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals․․․․․․․․․․ ․ 1 / 8 % E. lead, zinc, thorium, molybdenum, manganese, rare earth and other metals․․․․․․․․․․․․․․․ ․ 1 / 8 % F. gold and silver․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ ․ 1 / 5 %