{"data":{"id":"us-nm/7-31-5","jurisdiction":"us-nm","citation":"7-31-5","heading":"Taxable value; method of determining.","body":"To determine the taxable value there shall be deducted from the value of products:\nA. royalties paid or due the United States or the state of New Mexico;\nB. royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of the United States of America; and\nC. the reasonable expense of trucking any product from the production unit to the first place of market.","path":["Chapter 7 - Taxation","ARTICLE 31 Oil and Gas Emergency School 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":"03db70e383e0170c15373b2bbf9982dcc60391b99a65543a5171f936e47d1dbd","source_id":"us-nm","stale":false,"prev":"us-nm/7-31-4","next":"us-nm/7-31-6"},"notice":"GroundRules: Original legal text. Not legal advice."}