reglab/housing_qa huggingface dataset:
NM Stat § 7-30-25 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 30 - Oil and Gas Conservation Tax|Section 7-30-25 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-30-25 NMSA 1978, as enacted by Laws 1959, ch. 53, § 25, relating to remedies cumulative, effective July 1, 1985.
NM Stat § 7-30-26 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 30 - Oil and Gas Conservation Tax|Section 7-30-26 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-30-26 NMSA 1978, as enacted by Laws 1959, ch. 53, § 26, relating to limitation of actions, effective July 1, 1985.
NM Stat § 7-30-27 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 30 - Oil and Gas Conservation Tax|Section 7-30-27 - Advance payment required.

A. Any person required to make payment of tax pursuant to Section 7-30-10 or 7-30-11 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 any oil and gas conservation tax, penalty or interest due; and (2) "average tax" means the aggregate amount of tax, net of any refunds or credits, paid by a person during the twelve-month period ending March 31 pursuant to the Oil and Gas Conservation Tax Act divided by the number of months during that period for which the person made payment. C. Each year, prior to July 1, each person required to pay tax pursuant to the Oil and Gas Conservation Tax Act shall compute the average tax for the period ending March 31 of that year. The average tax calculated for a year shall be used during the twelve-month period beginning with July of that year and ending with June of the following year as the basis for making the advance payments required by Subsection D of this section. D. Every month, beginning with July 1991, every person required to pay tax in a month pursuant to the Oil and Gas Conservation Tax Act shall pay, in addition to any amount of tax, interest or penalty due, an advance payment in an amount equal to the applicable average tax, except: (1) if the person is making a final return under the Oil and Gas Conservation Tax Act, no advance payment pursuant to this subsection is due for that return; and (2) as provided in Subsection F of this section. E. Every month, beginning with tax payments due in August 1991, every person required to pay tax pursuant to the Oil and Gas Conservation Tax Act may claim a credit equal to the amount of advance payment made in the previous month, except as provided in Subsection F of this section. F. If, in any month, a person is not required to pay tax pursuant to the Oil and Gas Conservation Tax Act, that person is not required to pay the advance payment and may not claim a credit pursuant to Subsection E of this section provided that, in any succeeding month when the person has liability under the Oil and Gas Conservation Tax Act, the person may claim a credit for any advance payment made and not credited. G. In the event that the date by which a person is required to pay the tax pursuant to the Oil and Gas Conservation Tax Act is accelerated to a date earlier than the twenty-fifth day of the second month following the month of production, the advance payment provision contained in this section is null and void and any money held as advance payments shall be credited to the taxpayers' accounts. History: Laws 1991, ch. 9, § 37.
NM Stat § 7-31-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-1 - Title.

Chapter 7, Article 31 NMSA 1978 may be cited as the "Oil and Gas Emergency School Tax Act". History: 1953 Comp., § 72-21-1, enacted by Laws 1959, ch. 54, § 1; 1985, ch. 65, § 34. ANNOTATIONSCross references. — For intergovernmental tax credits, see 7-29C-1 NMSA 1978. Law reviews. — For article, "New Mexico's Effort at Rational Taxation of Hard-Minerals Extraction," see 10 Nat. Resources J. 415 (1970). For note, "Tribal Severance Taxes - Outside the Purview of the Commerce Clause," see 21 Nat. Resources J. 405 (1981). Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 219, 614. 84 C.J.S. Taxation §§ 161, 170.
NM Stat § 7-31-3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-3 - Repealed.

ANNOTATIONSRepeals. — 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.
NM Stat § 7-31-5 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-5 - Taxable value; method of determining.

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 reasonable expense of trucking any product from the production unit to the first place of market. History: 1953 Comp., § 72-21-5, enacted by Laws 1959, ch. 54, § 5; 1963, ch. 179, § 25.
NM Stat § 7-31-6 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-6 - Value may be determined by commission; standard.

The commission may determine the value of products severed from a production unit when: A. the operator and purchaser are affiliated persons; or when B. the sale and purchase of products is not an arm's length transaction; or when C. products are severed and removed from a production unit and a value as defined in this act is not established for such products. The value determined by the commission shall be commensurate with the actual price received for products of like quality, character and use which are severed in the same field or area. History: 1953 Comp., § 72-21-6, enacted by Laws 1959, ch. 54, § 6. ANNOTATIONSCross references. — For meaning of "commission", see 7-31-2A NMSA 1978. Compiler's notes. — The term "this act", referred to in Subsection C, means Laws 1959, ch. 54, compiled as 7-31-1, 7-31-2, 7-31-4 to 7-31-11 NMSA 1978. Determination of value. — The statute does not mandate the way in which the department must calculate processing costs, whether by a comparable value or by some other method. Rather, the final value of natural gas calculated by the department must be commensurate with similar products. Chevron U.S.A., Inc. v. State ex rel. Taxation and Revenue Dep't, 2006-NMCA-050, 139 N.M. 498, 134 P.3d 785, cert. denied, 2006-NMCERT-005, 139 N.M. 567, 136 P.3d 568.
NM Stat § 7-31-7 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-7 - Price increase subject to approval of agency of United 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 the increase in value is disapproved, either in whole or in part, then the amount of tax which has been paid on the disapproved part of the value shall be considered excess tax. Any person who has paid any such excess tax may apply for a refund of that excess tax in accordance with the provisions of Section 7-1-26 NMSA 1978. History: 1953 Comp., § 72-21-7, enacted by Laws 1959, ch. 54, § 7; 1985, ch. 65, § 35.
NM Stat § 7-31-8 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-8 - Products on which tax has been levied; regulation by commission.

This tax shall not be levied more than once on the same product. Reporting of products on which this tax has been paid shall be subject to the regulation of the commission. History: 1953 Comp., § 72-21-8, enacted by Laws 1959, ch. 54, § 8. ANNOTATIONSCross references. — For meaning of "commission", see 7-31-2A NMSA 1978.
NM Stat § 7-31-9 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-9 - Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.

Any operator making a monetary payment to an interest owner for his portion of the value of products from a production unit shall withhold from such payment the amount of tax due from any interest owner. Any purchaser, who, by express or implied agreement with the operator, makes a monetary payment to an interest owner for his portion of the value of products from a production unit, shall withhold from such payment the amount of tax due from the interest owner. The commission may require any purchaser making a monetary payment to an interest owner for his portion of the value of products from a production unit to withhold from such payment the amount of tax due from the interest owner. Any operator or purchaser who pays any tax due from an interest owner shall be entitled to reimbursement from the interest owner for the tax so paid, and may take credit for such amount from any monetary payment to the interest owner for the value of products. History: 1953 Comp., § 72-21-9, enacted by Laws 1959, ch. 54, § 9. ANNOTATIONSCross references. — For meaning of "commission", see 7-31-2A NMSA 1978.
NM Stat § 7-31-10 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-10 - Operator's report; tax remittance; additional information.

Each operator shall in the form and manner required by the division make a return to the division 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 this return. The return shall be filed on or before the twenty-fifth day of the second month after the calendar month for which the return is required. Any additional report or information the division may deem necessary for the proper administration of the Oil and Gas Emergency School Tax Act may be required. History: 1953 Comp., § 72-21-10, enacted by Laws 1959, ch. 54, § 10; 1986, ch. 5, § 6. ANNOTATIONSCross references. — For meaning of "division", see 7-31-2A NMSA 1978.
NM Stat § 7-31-10.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-10.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1999, ch. 218, § 3 repealed 7-31-10.1 NMSA 1978, as enacted by Laws 1999, ch. 218, § 1, relating to one-time tax credit for new wells, effective July 1, 2001. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
NM Stat § 7-31-11 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-11 - Purchaser's report; tax remittance; additional information.

Each purchaser shall in the form and manner required by the division make a return to the division showing the total value, volume and kind of products purchased by him from each production unit for each calendar month. All taxes due or to be remitted by the purchaser shall accompany this return. The return shall be filed on or before the twenty-fifth day of the second month after the calendar month for which the return is required. Any additional reports or information the division may deem necessary for the proper administration of the Oil and Gas Emergency School Tax Act may be required. History: 1953 Comp., § 72-21-11, enacted by Laws 1959, ch. 54, § 11; 1986, ch. 5, § 7. ANNOTATIONSCross references. — For meaning of "division", see 7-31-2A NMSA 1978.
NM Stat § 7-31-12 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-12 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-12 NMSA 1978, as enacted by Laws 1959, ch. 54, § 12, relating to oil and gas accounting commission emergency school tax fund, refunds and adjustments, effective July 1, 1985.
NM Stat § 7-31-13 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-13 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-13 NMSA 1978, as enacted by Laws 1959, ch. 54, § 13, relating to monthly report to department of finance and administration, transfer to public school equalization fund, effective July 1, 1985.
NM Stat § 7-31-14 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-14 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-14 NMSA 1978, as enacted by Laws 1959, ch. 54, § 14, relating to tax paid erroneously, refund, effective July 1, 1985.
NM Stat § 7-31-15 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-15 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-15 NMSA 1978, as enacted by Laws 1959, ch. 54, § 15, relating to tax payment under protest, suit authorized, effective July 1, 1985.
NM Stat § 7-31-16 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-16 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-16 NMSA 1978, as enacted by Laws 1959, ch. 54, § 16, relating to interest and penalties, restraint from severing products, effective July 1, 1985.
NM Stat § 7-31-17 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-17 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-17 NMSA 1978, as enacted by Laws 1959, ch. 54, § 17, relating to subpoena power, misdemeanor fine, effective July 1, 1985.
NM Stat § 7-31-18 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-18 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-18 NMSA 1978, as enacted by Laws 1959, ch. 54, § 18, relating to refusal to make return, commission may assess, assessment binding on taxpayer, effective July 1, 1985.
NM Stat § 7-31-19 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-19 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-19 NMSA 1978, as enacted by Laws 1959, ch. 54, § 19, relating to restraining order, injunction, effective July 1, 1985.
NM Stat § 7-31-20 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-20 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-20 NMSA 1978, as enacted by Laws 1959, ch. 54, § 20, relating to personal debt, action in any district court, effective July 1, 1985.
NM Stat § 7-31-21 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-21 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-21 NMSA 1978, as enacted by Laws 1959, ch. 54, § 21, relating to lien against property, notice to be filed, notice to debtor, effective July 1, 1985.
NM Stat § 7-31-22 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-22 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-22 NMSA 1978, as enacted by Laws 1959, ch. 54, § 22, relating to sale of property to satisfy lien, effective July 1, 1985.
NM Stat § 7-31-23 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-23 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-23 NMSA 1978, as enacted by Laws 1959, ch. 54, § 23, relating to payment of taxes to release lien, effective July 1, 1985.
NM Stat § 7-31-24 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-24 - Repealed.

ANNOTATIONSRepeals. — Laws 1985, ch. 65, § 46 repealed 7-31-24 NMSA 1978, as enacted by Laws 1959, ch. 54, § 24, relating to remedies cumulative, effective July 1, 1985.
NM Stat § 7-31-25 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-25 - Repealed.

ANNOTATIONSRepeals. — 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.
NM Stat § 7-31-26 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 31 - Oil and Gas Emergency School Tax|Section 7-31-26 - Advance payment required.

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 any oil and gas emergency school tax, penalty or interest due; and (2) "average tax" means the aggregate amount of tax, net of any refunds or credits, paid by a person during the twelve-month period ending March 31, pursuant to the Oil and Gas Emergency School Tax Act divided by the number of months during that period for which the person made payment. C. Each year, prior to July 1, each person required to pay tax pursuant to the Oil and Gas Emergency School Tax Act shall compute the average tax for the period ending March 31 of that year. The average tax calculated for a year shall be used during the twelve-month period beginning with July of that year and ending with June of the following year as the basis for making the advance payments required by Subsection D of this section. D. Every month, beginning with July 1991, every person required to pay tax in a month pursuant to the Oil and Gas Emergency School Tax Act shall pay, in addition to any amount of tax, interest or penalty due, an advance payment in an amount equal to the applicable average tax, except: (1) if the person is making a final return under the Oil and Gas Emergency School Tax Act, no advance payment pursuant to this subsection is due for that return; and (2) as provided in Subsection F of this section. E. Every month, beginning with tax payments in August 1991, every person required to pay tax pursuant to the Oil and Gas Emergency School Tax Act may claim a credit equal to the amount of advance payment made in the previous month, except as provided in Subsection F of this section. F. If, in any month, a person is not required to pay tax pursuant to the Oil and Gas Emergency School Tax Act, that person is not required to pay the advance payment and may not claim a credit pursuant to Subsection E of this section provided that, in any succeeding month when the person has liability under the Oil and Gas Emergency School Tax Act, the person may claim a credit for any advance payment made and not credited. G. In the event that the date by which a person is required to pay the tax pursuant to the Oil and Gas Emergency School Tax Act is accelerated to a date earlier than the twenty-fifth day of the second month following the month of production, the advance payment provision contained in this section is null and void and any money held as advance payments shall be credited to the taxpayers' accounts. History: Laws 1991, ch. 9, § 38.
NM Stat § 7-32-1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 32 - Oil and Gas Ad Valorem Production Tax|Section 7-32-1 - Title.

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. ANNOTATIONSCross references. — For intergovernmental tax credits, see 7-29C-1 NMSA 1978. Law reviews. — For article, "New Mexico's Effort at Rational Taxation of Hard-Minerals Extraction," see 10 Nat. Resources J. 415 (1970). For note, "Tribal Severance Taxes - Outside the Purview of the Commerce Clause," see 21 Nat. Resources J. 405 (1981). Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation §§ 219, 220. Effect of severance of fee in oil and gas from fee on surface on taxability of oil and gas rights or privileges, 16 A.L.R. 514, 29 A.L.R. 606, 146 A.L.R. 880. What property is exempted from ad valorem tax under statute or constitution providing for payment of oil and gas production tax by producers in lieu of other taxes, 77 A.L.R. 1078. Method or rule for valuation of oil lease for tax purposes, 84 A.L.R. 1310. 84 C.J.S. Taxation § 95 et seq.
NM Stat § 7-32-3 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 32 - Oil and Gas Ad Valorem Production Tax|Section 7-32-3 - Repealed.

ANNOTATIONSRepeals. — 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.
NM Stat § 7-32-4 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 32 - Oil and Gas Ad Valorem Production Tax|Section 7-32-4 - Ad valorem tax levied; collected by division; rate; interest owner's liability to state; Indian liability.

There is levied and shall be collected by the division an ad valorem tax on the assessed value of products which are severed and sold from each production unit at the rate certified to the division by the department of finance and administration under the provisions of Section 7-37-7 NMSA 1978. Such rate shall be levied for each month following its certification and shall be levied monthly thereafter until a new rate is certified. Every interest owner shall be liable for this tax to the extent of his interest in the value of such products, or to the extent of his interest as may be measured by the value of such products. Provided, any Indian tribe, Indian pueblo or Indian shall be liable for this tax to the extent authorized or permitted by law. History: 1953 Comp., § 72-22-4, enacted by Laws 1959, ch. 55, § 4; 1981, ch. 37, § 58. ANNOTATIONSLaw reviews. — For article, "Nonneutral Features of Energy Taxation," see 20 Nat. Resources J. 853 (1980).
NM Stat § 7-32-5 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 32 - Oil and Gas Ad Valorem Production Tax|Section 7-32-5 - Assessed value; method of determining.

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 the United States; and (3) the reasonable expense of trucking any product from the production unit to the first place of market. B. The assessed value of products shall be determined by applying the uniform assessment ratio to the taxable value of products. The method prescribed by this section shall be the exclusive method for determining the assessed value of products. The tax imposed by Section 7-32-4 NMSA 1978 of the Oil and Gas Ad Valorem Production Tax Act, together with the tax imposed by Section 7-34-4 NMSA 1978 of the Oil and Gas Production Equipment Ad Valorem Tax Act [Chapter 7, Article 34 NMSA 1978], shall be the full and exclusive measure of ad valorem tax liability on the interests of all persons, including the operator and interest owners, in the production unit. Any other ad valorem tax on the production unit or on products severed therefrom is void. History: 1953 Comp., § 72-22-5, enacted by Laws 1959, ch. 55, § 5; 1972, ch. 59, § 1. ANNOTATIONSCross references. — For exclusive ad valorem taxes on equipment, see 7-34-5 NMSA 1978.