{"data":{"id":"us-nm/7-1-6.21","jurisdiction":"us-nm","citation":"7-1-6.21","heading":"Distribution to oil and gas reclamation fund.","body":"A. With respect to any period for which the rate of the tax imposed by Section 7-30-4 NMSA 1978 is nineteen-hundredths percent, a distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an amount equal to two-nineteenths of the net receipts attributable to the tax imposed under the Oil and Gas Conservation Tax Act [Chapter 7, Article 30 NMSA 1978].\nB. With respect to any period for which the total rate of the tax imposed on oil by Section 7-30-4 NMSA 1978 is twenty-four hundredths percent, a distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an amount equal to nineteen and seven-tenths percent of the net receipts attributable to the tax imposed under the Oil and Gas Conservation Tax Act.","path":["Chapter 7 - Taxation","ARTICLE 1 Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"83a9b6e93d9477227854236326569e71a8815b9452d409ed36c9344903e5d5f4","source_id":"us-nm","stale":false,"prev":"us-nm/7-1-6.20","next":"us-nm/7-1-6.21--2"},"notice":"GroundRules: Original legal text. Not legal advice."}