{"data":{"id":"us-nm/7-34-5","jurisdiction":"us-nm","citation":"7-34-5","heading":"Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability.","body":"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.","path":["Chapter 7 - Taxation","ARTICLE 34 Oil and Gas Production Equipment Ad Valorem 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":"7d6fe3d87198c2dbb78da47175e6855442bf1bd88dab6c39afdf3a68516f092a","source_id":"us-nm","stale":false,"prev":"us-nm/7-34-4","next":"us-nm/7-34-6"},"notice":"GroundRules: Original legal text. Not legal advice."}