GroundRules
7-34-5: Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability.
Where this section sits in the code
- Chapter 7 - Taxation
- ARTICLE 34 Oil and Gas Production Equipment Ad Valorem Tax
The tax levied by Section 7-34-4 NMSA 1978 shall be the full and exclusive measure of ad valorem tax liability for equipment used at a production unit. Any other ad valorem tax on equipment used at a production unit is void.
Collected 2026-09-03T15:02:19Z. Source file · JSON