{"data":{"id":"us-nm/7-26-5","jurisdiction":"us-nm","citation":"7-26-5","heading":"Tax rates on severed natural resources except coal and uranium.","body":"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:\nA.\tpotash\t2 1/2%\nB.\tcopper\t1/2%\nC.\ttimber\t1/8%\nD.\tpumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals\t1/8%\nE.\tlead, zinc, thorium, molybdenum, manganese, rare earth and other metals\t1/8%\nF.\tgold and silver\t1/5%","path":["Chapter 7 - Taxation","ARTICLE 26 Severance Tax"],"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":"e59ac3b51a05dedb986bafde36104cc044c483713707d8ebd9cffe2ab36ee3b7","source_id":"us-nm","stale":false,"prev":"us-nm/7-26-4","next":"us-nm/7-26-6"},"notice":"GroundRules: Original legal text. Not legal advice."}