{"data":{"id":"us-nm/7-26-7","jurisdiction":"us-nm","citation":"7-26-7","heading":"Severance tax on uranium.","body":"The severance tax on uranium is measured by the quantity of U3O8 contained in and recoverable from severed and saved uranium-bearing material whether that material is ore or solution, measured in a standard manner established by regulation of the director. The taxable event is the sale, transportation out of New Mexico or consumption of the uranium-bearing material, whichever first occurs. Upon each pound of severed and saved U3O8 contained in severed uranium-bearing material, there shall be collected from the severer a severance tax equal to three and one-half percent of taxable value.","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":"79aec0485340b359eaed1839040abaa673df9cd3293832b0e03b0b1cff2dcc14","source_id":"us-nm","stale":false,"prev":"us-nm/7-26-6.2","next":"us-nm/7-26-7.1"},"notice":"GroundRules: Original legal text. Not legal advice."}