- Article 1
- § 7-1-1. Short title.
- § 7-1-2. Applicability.
- § 7-1-2.1. Repealed.
- § 7-1-2.2. Repealed.
- § 7-1-3. Definitions.
- § 7-1-4. Investigative authority and powers.
- § 7-1-5. Administrative regulations, rulings, instructions and orders; presumption of correctness.
- § 7-1-6. Receipts; disbursements; funds created.
- § 7-1-6.1. Identification of money in tax administration suspense fund; distribution.
- § 7-1-6.2. Distribution; small cities assistance fund.
- § 7-1-6.3. Distribution; community alcoholism treatment and detoxification fund.
- § 7-1-6.4. Distribution; municipality from gross receipts tax.
- § 7-1-6.5. Distribution; small counties assistance fund.
- § 7-1-6.6. Distribution; game protection fund.
- § 7-1-6.7. Distributions; state aviation fund.
- § 7-1-6.8. Distribution; motorboat fuel tax fund.
- § 7-1-6.9. Distribution of gasoline and special fuels taxes to municipalities and counties.
- § 7-1-6.10. Distributions; state road fund.
- § 7-1-6.11. Distributions of cigarette taxes to municipalities, counties and dedicated health research fund.
- § 7-1-6.12. Transfer; revenues from municipal gross receipts taxes.
- § 7-1-6.13. Transfer; revenues from county gross receipts taxes.
- § 7-1-6.14. Transfer; revenues from county and municipal gasoline taxes.
- § 7-1-6.15. Adjustments of distributions or transfers to municipalities or counties.
- § 7-1-6.16. County equalization distribution.
- § 7-1-6.17. Repealed.
- § 7-1-6.18. Distribution; veterans' national cemetery fund. (Delayed repeal - See note.)
- § 7-1-6.19. Distribution; county government road fund created.
- § 7-1-6.20. Identification of money in extraction taxes suspense fund; distribution.
- § 7-1-6.21. Distribution to oil conservation fund.
- § 7-1-6.22. Distributions to oil and gas production tax fund and to oil and gas equipment tax fund; creation of funds.
- § 7-1-6.23. Distribution to severance tax bonding fund.
- § 7-1-6.24. Distribution; substance abuse education fund.
- § 7-1-6.25. Distribution; petroleum storage cleanup fund; state road fund.
- § 7-1-6.26. County government road fund; distribution.
- § 7-1-6.27. Distribution; municipal roads.
- § 7-1-6.28. Distribution; municipal arterial program.
- § 7-1-6.29. Money in workers' compensation collections suspense fund; distribution.
- § 7-1-7. [Distribution in lieu of municipal sales tax; pledges of municipal sales tax.]
- § 7-1-8. Confidentiality of returns and other information.
- § 7-1-9. Address of notices and payments; timely mailing constitutes timely filing or making.
- § 7-1-10. Records required by statute; taxpayer records; accounting methods; reporting methods; information returns.
- § 7-1-11. Inspection of books of taxpayers; credentials.
- § 7-1-12. Identification of taxpayers.
- § 7-1-12.1. Oil and gas accounting division to designate production unit; index; identification by number or symbol.
- § 7-1-12.2. Notice of identification number assigned; operator may request identification number.
- § 7-1-13. Taxpayer returns; payment of taxes; extension of time.
- § 7-1-13.1. Method of payment of certain taxes due.
- § 7-1-13.2. Repealed.
- § 7-1-14. Director may require gross receipts to be reported according to municipality, Indian reservation, pueblo grant or if on municipally-owned land.
- § 7-1-15. Secretary may set tax reporting and payment intervals.
- § 7-1-15.1. Secretary may permit or require rounding.
- § 7-1-16. Delinquent taxpayer.
- § 7-1-17. Assessment of tax; presumption of correctness.
- § 7-1-18. Limitation on assessment by director.
- § 7-1-19. Limitation of actions.
- § 7-1-20. Compromise of taxes; closing agreements.
- § 7-1-21. Installment payments of taxes; installment agreements.
- § 7-1-22. Exhaustion of administrative remedies.
- § 7-1-23. Election of remedies.
- § 7-1-24. Administrative hearing; procedure.
- § 7-1-25. Appeals from secretary's decision and order.
- § 7-1-26. Claim for refund.
- § 7-1-27. Conclusiveness of court order on liability for payment of tax.
- § 7-1-28. Authority for abatements of assessments of tax.
- § 7-1-29. Authority to make refunds or credits.
- § 7-1-30. Collection of penalties and interest.
- § 7-1-31. Seizure of property by levy for collection of taxes.
- § 7-1-32. Contents of warrant of levy.
- § 7-1-33. Successive seizures.
- § 7-1-34. Surrender of property subject to levy; penalty.
- § 7-1-35. Stay of levy.
- § 7-1-36. Property exempt from levy.
- § 7-1-37. Assessment as lien.
- § 7-1-38. Notice of lien.
- § 7-1-39. Release or extinguishment of lien; limitation on actions to enforce lien.
- § 7-1-40. Foreclosure of lien.
- § 7-1-41. Notice of seizure.
- § 7-1-42. Notice of sale.
- § 7-1-43. Sale of indivisible property.
- § 7-1-44. Requirements of sale.
- § 7-1-45. Manner of sale or conversion to money.
- § 7-1-46. Minimum prices.
- § 7-1-47. Redemption before sale.
- § 7-1-48. Documents of title.
- § 7-1-49. Legal effect of certificate of sale.
- § 7-1-50. Legal effect of deed to real property.
- § 7-1-51. Proceeds of levy and sale.
- § 7-1-52. Release of levy.
- § 7-1-53. Enjoining delinquent taxpayer from continuing in business.
- § 7-1-54. Security for payment of tax.
- § 7-1-55. Contractor's bond for gross receipts; tax; penalty.
- § 7-1-56. Sale of or proceedings against security.
- § 7-1-57. Surety bonds.
- § 7-1-58. Permanence of tax debt; civil actions to collect tax.
- § 7-1-59. Jeopardy assessments.
- § 7-1-60. Estoppel against state.
- § 7-1-61. Duty of successor in business.
- § 7-1-62. Duty of director; release of purchaser.
- § 7-1-63. Demand for payment; application of payment.
- § 7-1-64. Failure to withhold.
- § 7-1-65. Reciprocal enforcement of tax judgments.
- § 7-1-66. Immunity of property of Indian tribes and of the United States.
- § 7-1-67. Interest on deficiencies.
- § 7-1-67.1. Temporary provision [; effective date of increased interest rate].
- § 7-1-68. Interest on overpayments.
- § 7-1-69. Civil penalty for failure to pay tax or file a return.
- § 7-1-70. Civil penalty for bad checks.
- § 7-1-71. Civil penalty for failure to collect and pay over tax.
- § 7-1-71.1. Tax return preparers; requirements; penalties.
- § 7-1-72. Attempts to evade or defeat tax.
- § 7-1-73. False statement and fraud.
- § 7-1-74. Interference or attempts corruptly, forcibly or by threat to interfere with administration of revenue laws.
- § 7-1-75. Assault and battery of a department employee.
- § 7-1-76. Revealing information concerning taxpayers.
- § 7-1-77. Timeliness when last day for performance falls on Saturday, Sunday or legal holiday.
- § 7-1-78. Burden of proof in fraud cases.
- § 7-1-79. Enforcement officials.
- § 7-1-80. Dissolution or withdrawal of corporation.
- § 7-1-81. Repealed.
- § 7-1-82. Transfer, assignment, sale, lease or renewal of liquor license.
- Article 1A
- § 7-1A-1. Short title. (Effective until July 1, 1990.)
- § 7-1A-2. Purpose of act. (Effective until July 1, 1990.)
- § 7-1A-3. Definitions. (Effective until July 1, 1990.)
- § 7-1A-4. Administration. (Effective until July 1, 1990.)
- § 7-1A-5. Employment tax credit; amount; claimant; procedures. (Effective until July 1, 1990.)
- Article 2
- § 7-2-1. Short title.
- § 7-2-2. Definitions.
- § 7-2-3. Imposition and levy of tax.
- § 7-2-4. Exemptions.
- § 7-2-5. [Exemptions; annuities to retired federal civil service employees.]
- § 7-2-5.1. Exemption; military retirement pay.
- § 7-2-5.2. Exemption; income of persons sixty-five and older or blind.
- § 7-2-5.3. Exemption; social security benefits and railroad retirement benefits.
- § 7-2-5.4. Exemption; adopted special needs child.
- § 7-2-6. Exemptions; annuities to retired judges of the district court and court of appeals judges and supreme court justices.
- § 7-2-7. Individual income tax rates.
- § 7-2-7.1. Tax tables.
- § 7-2-8. Repealed.
- § 7-2-9. Tax computation; alternative method.
- § 7-2-10. Income taxes applied to individuals on federal areas.
- § 7-2-11. Income allocation and apportionment.
- § 7-2-12. Taxpayer returns; payment of tax.
- § 7-2-13. Credit for taxes paid other states by resident individuals.
- § 7-2-14. Low income comprehensive tax rebate; tax rebates for food and medical expenses.
- § 7-2-14.1. Tax rebate for gross receipts tax on food and medical expenses; refund.
- § 7-2-14.2. Repealed.
- § 7-2-15. Repealed.
- § 7-2-16. Credit for solar or wind energy equipment installation; refund.
- § 7-2-16.1. Credit; solar capital investments.
- § 7-2-17. Credit for solar irrigation; refund.
- § 7-2-17.1. Income tax credit; geothermal capital investment.
- § 7-2-18. Tax rebate of property tax due which exceeds the elderly taxpayer's maximum property tax liability; refund.
- § 7-2-18.1. Credit for expenses for dependent child day care necessary to enable gainful employment to prevent indigency.
- § 7-2-18.2. Credit for preservation of cultural property; refund.
- § 7-2-19. Credit for taxes paid other states by nonresident individuals.
- § 7-2-20. Information returns.
- § 7-2-21. Fiscal years permitted.
- § 7-2-21.1. Accounting methods.
- § 7-2-22. Administration.
- § 7-2-23. Finding[; wildlife funds].
- § 7-2-24. Optional designation of tax refund contribution[; game protection fund].
- § 7-2-25. Repealed.
- § 7-2-26. Repealed.
- § 7-2-27. Legislative findings and intent. (Delayed repeal - See note.)
- § 7-2-28. Optional designation of tax refund contribution[; veterans' national cemetery fund]. (Delayed repeal - See note.)
- § 7-2-29. Finding.
- § 7-2-30. Optional designation of tax refund contribution[; substance abuse education fund].
- Article 2A
- § 7-2A-1. Short title.
- § 7-2A-2. Definitions.
- § 7-2A-3. Imposition and levy of taxes.
- § 7-2A-4. Exemptions.
- § 7-2A-5. Corporate income tax rates.
- § 7-2A-5.1. Corporate franchise tax amount.
- § 7-2A-6. Tax computation; alternative method.
- § 7-2A-7. Taxes applied to corporations on federal areas.
- § 7-2A-8. Income allocation and apportionment.
- § 7-2A-8.1. Credit for solar or wind energy equipment installation.
- § 7-2A-8.2. Credit; solar capital investments.
- § 7-2A-8.3. Combined returns.
- § 7-2A-8.4. Consolidated returns.
- § 7-2A-8.5. Corporate income tax credit; geothermal capital investment.
- § 7-2A-8.6. Credit for preservation of cultural property; corporate income tax credit.
- § 7-2A-9. Taxpayer returns; payment of tax.
- § 7-2A-9.1. Estimated tax due; payment of estimated tax; penalty; exemption.
- § 7-2A-10. Information returns.
- § 7-2A-11. Accounting methods.
- § 7-2A-12. Fiscal years permitted.
- § 7-2A-13. Administration.
- § 7-2A-14. Corporate-supported child care; credits allowed.
- Article 2B
- § 7-2B-1. Recompiled.
- Article 2C
- § 7-2C-1. Short title.
- § 7-2C-2. Purpose.
- § 7-2C-3. Definitions.
- § 7-2C-4. Remedy additional.
- § 7-2C-5. Division to aid in collection of debts through setoff.
- § 7-2C-6. Procedures for setoff; notifications to debtor.
- § 7-2C-7. Suspense account.
- § 7-2C-8. Interest becomes obligation of claimant agency.
- § 7-2C-9. Administrative hearing required of claimant agency; division exempted.
- § 7-2C-10. Final determination and notice of setoff.
- § 7-2C-11. Priority of claims.
- § 7-2C-12. Administrative costs; charges appropriated to division.
- § 7-2C-13. Confidentiality; exemption.
- § 7-2C-14. Administrative regulations, rulings, instructions and orders; presumption of correctness.
- Article 3
- § 7-3-1. Short title.
- § 7-3-2. Definitions.
- § 7-3-3. Tax withheld at source.
- § 7-3-4. Deductions considered taxes.
- § 7-3-5. Employer liable for amounts deducted and withheld; exceptions.
- § 7-3-6. Date payment due.
- § 7-3-7. Statements of withholding.
- § 7-3-8. Copy of the statement of withholding to be furnished the employee.
- § 7-3-9. Withheld amounts credited against tax.
- § 7-3-10. Voluntary submission to act.
- Article 4
- § 7-4-1. Short title.
- § 7-4-2. Definitions.
- § 7-4-3. Allocation and apportionment of income in general.
- § 7-4-4. When taxable in another state.
- § 7-4-5. Allocation of certain nonbusiness income.
- § 7-4-6. Allocation of rents and royalties.
- § 7-4-7. Allocation of capital gains and losses.
- § 7-4-8. Allocation of interest and dividends.
- § 7-4-9. Allocation of patent and copyright royalties.
- § 7-4-10. Apportionment of business income.
- § 7-4-11. Property factor for apportionment of business income.
- § 7-4-12. Valuation of property for inclusion in property factor.
- § 7-4-13. Determination of average value of property for inclusion in property factor.
- § 7-4-14. Payroll factor for apportionment of business income.
- § 7-4-15. Determination of compensation for inclusion in payroll factor.
- § 7-4-16. Sales factor for apportionment of business income.
- § 7-4-17. Determination of sales in this state of tangible personal property for inclusion in sales factor.
- § 7-4-18. Determination of sales in this state of other than tangible personal property for inclusion in sales factor.
- § 7-4-19. Equitable adjustment of standard allocation or apportionment.
- § 7-4-20. Agreements authorized in unusual cases.
- § 7-4-21. Construction of act.
- Article 5
- § 7-5-1. Compact enacted and entered into.
- § 7-5-2. Election of alternative tax.
- § 7-5-3. Appointment of multistate tax commission member.
- § 7-5-4. Alternate designated by commissioner.
- § 7-5-5. Counsel to be designated.
- § 7-5-6. Local government advisers.
- § 7-5-7. Interaudits provisions made applicable.
- Article 6
- Article 7
- § 7-7-1. Short title.
- § 7-7-2. Definitions.
- § 7-7-3. Residents; tax imposed; credit for tax paid other state.
- § 7-7-4. Nonresidents; tax imposed; exemption.
- § 7-7-5. Tax return.
- § 7-7-6. Date payment due.
- § 7-7-7. Interest on amount due; extension of time to file federal return.
- § 7-7-8. Department to file certificate; final settlement of account.
- § 7-7-9. Administration not applied for; application or waiver by the department.
- § 7-7-10. Administration.
- § 7-7-11. Sale of property to pay tax.
- § 7-7-12. Liability for failure to pay tax before distribution or delivery.
- § 7-7-15. Short title.
- § 7-7-16. Definitions.
- § 7-7-17. Payment of estate tax in works of art.
- § 7-7-18. Procedure for payment in works of art.
- § 7-7-19. Agreement on valuation.
- § 7-7-20. Credit against tax.
- Article 8
- § 7-8-1. Short title.
- § 7-8-2. Definitions.
- § 7-8-3. Property presumed abandoned; general rule.
- § 7-8-4. General rules for taking custody of intangible unclaimed property.
- § 7-8-5. Traveler's checks and money orders.
- § 7-8-6. Checks, drafts and similar instruments issued or certified by banking and financial organizations.
- § 7-8-6.1. Bank deposits and funds in financial organizations.
- § 7-8-7. Funds owing under life insurance policies.
- § 7-8-8. Deposits held by utilities.
- § 7-8-9. Refunds held by business associations.
- § 7-8-10. Stock and other intangible interests in business associations.
- § 7-8-11. Property of business associations held in course of dissolution.
- § 7-8-12. Property held by agents and fiduciaries.
- § 7-8-13. Property held by courts and public agencies.
- § 7-8-14. Gift certificates and credit memos.
- § 7-8-15. Wages.
- § 7-8-16. Contents of safe deposit box or other safekeeping repository.
- § 7-8-17. Report of abandoned property.
- § 7-8-18. Notice and publication of lists of abandoned property.
- § 7-8-19. Payment or delivery of abandoned property.
- § 7-8-20. Custody by state; holder relieved from liability; reimbursement of holder paying claim; reclaiming for owner; defense of holder; payment of safe deposit box or repository charges.
- § 7-8-21. Crediting of dividends, interest, or increments to owner's account.
- § 7-8-22. Public sale of abandoned property.
- § 7-8-23. Deposit of funds.
- § 7-8-24. Filing of claim with administrator.
- § 7-8-25. Claim of another state to recover property; procedure.
- § 7-8-26. Action to establish claim.
- § 7-8-27. Election to take payment or delivery.
- § 7-8-28. Destruction or disposition of property having insubstantial commercial value; immunity from liability.
- § 7-8-29. Periods of limitation.
- § 7-8-30. Requests for reports and examination of records.
- § 7-8-31. Retention of records.
- § 7-8-32. Enforcement.
- § 7-8-33. Interstate agreements and cooperation; joint and reciprocal actions with other states.
- § 7-8-34. Interest and payments.
- § 7-8-35. Agreement to locate reported property.
- § 7-8-36. Foreign transactions.
- § 7-8-37. Effect of new provisions; clarification of application.
- § 7-8-38. Interpretation; rules.
- § 7-8-39. Severability.
- § 7-8-40. Uniformity of application and construction.
- Article 9
- § 7-9-1. Short title.
- § 7-9-2. Purpose.
- § 7-9-3. Definitions. (Effective until July 1, 1990.)
- § 7-9-3. Definitions. (Effective July 1, 1990 until July 1, 1993.)
- § 7-9-3. Definitions. (Effective July 1, 1993.)
- § 7-9-4. Imposition and rate of tax; denomination as "gross receipts tax".
- § 7-9-4.1. Temporary provision; credit; gross receipts tax.
- § 7-9-5. Presumption of taxability.
- § 7-9-6. Separately stating the gross receipts tax.
- § 7-9-7. Imposition and rate of tax; denomination as "compensating tax".
- § 7-9-8. Presumption of taxability and value.
- § 7-9-9. Liability of user for payment of compensating tax.
- § 7-9-10. Agents for collection of compensating tax; duties.
- § 7-9-11. Date payment due.
- § 7-9-12. Exemptions.
- § 7-9-12.1. Findings and intent.
- § 7-9-13. Exemption; gross receipts tax; governmental agencies.
- § 7-9-13.1. Exemption; gross receipts tax; services performed outside the state the product of which is initially used in New Mexico; exceptions. (Effective until July 1, 1993.)
- § 7-9-14. Exemption; compensating tax; governmental agencies; Indians.
- § 7-9-15. Exemption; compensating tax; certain organizations.
- § 7-9-16. Exemption; gross receipts tax; certain nonprofit facilities.
- § 7-9-17. Exemption; gross receipts tax; wages.
- § 7-9-18. Exemption; gross receipts tax; agricultural products.
- § 7-9-18.1. Exemption; gross receipts tax; food stamps.
- § 7-9-19. Exemption; gross receipts tax; livestock feeding.
- § 7-9-20. Exemption; gross receipts tax; certain receipts of homeowners associations.
- § 7-9-21. Repealed.
- § 7-9-22. Exemption; gross receipts tax; vehicles.
- § 7-9-22.1. Exemption; gross receipts tax; boats.
- § 7-9-23. Exemption; compensating tax; vehicles.
- § 7-9-23.1. Exemption; compensating tax; boats.
- § 7-9-24. Exemption; gross receipts tax; insurance companies.
- § 7-9-25. Exemption; gross receipts tax; dividends and interest.
- § 7-9-26. Exemption; gross receipts and compensating tax; fuel.
- § 7-9-27. Exemption; compensating tax; personal effects.
- § 7-9-28. Exemption; gross receipts tax; occasional sale of property or services.
- § 7-9-29. Exemption; gross receipts tax; certain organizations.
- § 7-9-30. Exemption; compensating tax; railroad equipment and aircraft.
- § 7-9-31. Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality.
- § 7-9-32. Exemption; gross receipts tax; oil and gas or mineral interests.
- § 7-9-33. Exemption; gross receipts tax; products subject to Oil and Gas Emergency School Tax Act.
- § 7-9-34. Exemption; gross receipts tax; refiners and persons subject to Natural Gas Processors Tax Act.
- § 7-9-35. Exemption; gross receipts tax; natural resources subject to Resources Excise Tax Act.
- § 7-9-36. Exemption; gross receipts tax; oil and gas consumed in the pipeline transportation of oil and gas products.
- § 7-9-37. Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products.
- § 7-9-38. Exemption; compensating tax; use of electricity in the production and transmission of electricity.
- § 7-9-39. Exemption; gross receipts tax; fees from social organizations.
- § 7-9-40. Exemption; gross receipts tax; purses and jockey remuneration at New Mexico racetracks; receipts from gross amounts wagered.
- § 7-9-41. Exemption; gross receipts tax; religious activities.
- § 7-9-42. Repealed.
- § 7-9-43. Nontaxable transaction certificates, farmers' and ranchers' statements and other evidence required to entitle persons to deductions.
- § 7-9-43.1. Nontaxable transaction certificates not required by liquor wholesalers.
- § 7-9-44. Suspension of the right to use a nontaxable transaction certificate.
- § 7-9-45. Deductions.
- § 7-9-46. Deduction; gross receipts tax; sales to manufacturers.
- § 7-9-47. Deduction; gross receipts tax; sale of tangible personal property for resale.
- § 7-9-48. Deduction; gross receipts tax; sale of a service for resale.
- § 7-9-49. Deduction; gross receipts tax; sale of tangible personal property for leasing.
- § 7-9-50. Deduction; gross receipts tax; lease for subsequent lease.
- § 7-9-51. Deduction; gross receipts tax; sale of tangible personal property to persons engaged in the construction business.
- § 7-9-52. Deduction; gross receipts tax; sale of construction services to persons engaged in the construction business.
- § 7-9-53. Deduction; gross receipts tax; sale or lease of real property and lease of mobile homes.
- § 7-9-54. Deduction; gross receipts tax; sales to governmental agencies.
- § 7-9-55. Deduction; gross receipts tax; transaction in interstate commerce. (Effective until July 1, 1990.)
- § 7-9-55. Deduction; gross receipts tax; transaction in interstate commerce. (Effective July 1, 1990.)
- § 7-9-56. Deduction; gross receipts tax; intrastate transportation and services in interstate commerce. (Effective until July 1, 1990.)
- § 7-9-56. Deduction; gross receipts tax; intrastate transportation and services in interstate commerce. (Effective July 1, 1990.)
- § 7-9-57. Deduction; gross receipts tax; sale of certain services to an out-of-state buyer. (Effective until July 1, 1993.)
- § 7-9-57. Deduction; gross receipts tax; sale of certain services to an out-of-state buyer. (Effective July 1, 1993.)
- § 7-9-58. Deduction; gross receipts tax; feed; fertilizers.
- § 7-9-59. Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products.
- § 7-9-60. Deduction; gross receipts tax; sales to certain organizations.
- § 7-9-61. Repealed.
- § 7-9-61.1. Deductions; gross receipts tax; certain receipts.
- § 7-9-62. Deduction; gross receipts tax; agricultural implements; aircraft; vehicles that are not required to be registered.
- § 7-9-63. Deduction; gross receipts tax; publication sales.
- § 7-9-64. Deduction; gross receipts tax; newspaper sales.
- § 7-9-65. Deduction; gross receipts tax; chemicals and reagents.
- § 7-9-66. Deduction; gross receipts tax; commissions.
- § 7-9-66.1. Deduction; gross receipts tax; certain real estate transactions.
- § 7-9-67. Deduction; gross receipts tax; refunds; uncollectible debts.
- § 7-9-68. Deduction; gross receipts tax; warranty obligations.
- § 7-9-69. Deduction; gross receipts tax; administrative and accounting services.
- § 7-9-70. Deduction; gross receipts tax; rental or lease of vehicles used in interstate commerce.
- § 7-9-71. Deduction; gross receipts tax; trade-in allowance.
- § 7-9-72. Deduction; gross receipts tax; special fuel.
- § 7-9-73. Deduction; gross receipts tax; sale of prosthetic devices.
- § 7-9-74. Deduction; gross receipts tax; sale of property used in the manufacture of jewelry.
- § 7-9-75. Deduction; gross receipts tax; sale of certain services performed directly on product manufactured.
- § 7-9-76. Deduction; gross receipts tax; travel agents' commissions paid by certain entities.
- § 7-9-76.1. Deduction; gross receipts tax; certain mobile homes.
- § 7-9-76.2. Deduction; gross receipts tax; films and tapes.
- § 7-9-77. Deductions; compensating tax.
- § 7-9-78. Deductions; compensating tax; use of tangible personal property for leasing.
- § 7-9-79. Credit; compensating tax.
- § 7-9-79.1. Credit; gross receipts tax; services.
- § 7-9-80. Repealed.
- § 7-9-82. Credit; gross receipts tax; municipal gross receipts tax paid.
- Article 9A
- § 7-9A-1. Short title.
- § 7-9A-2. Purpose of act.
- § 7-9A-3. Definitions.
- § 7-9A-4. Administration of the act.
- § 7-9A-5. Investment credit; amount; claimant.
- § 7-9A-6. Qualified equipment.
- § 7-9A-7. Value of qualified equipment.
- § 7-9A-7.1. Employment requirements.
- § 7-9A-8. Claiming the credit for certain taxes.
- § 7-9A-9. Credit claim forms.
- § 7-9A-10. Repealed.
- Article 10
- § 7-10-1. Short title.
- § 7-10-2. Purpose of act.
- § 7-10-3. Definitions.
- § 7-10-4. Persons doing business with the state; registration to pay the gross receipts tax required.
- § 7-10-5. Penalty for noncompliance.
- Article 11
- § 7-11-1. Short title.
- § 7-11-2. Definitions.
- § 7-11-3. Imposition of tax; tax rate; tax in lieu of property taxes.
- § 7-11-4. Situs of railway cars; gross earnings.
- § 7-11-5. Withholding and payment of tax; duty of railroads using or leasing cars to make reports.
- § 7-11-6. Liability of organizations.
- Article 12
- § 7-12-1. Cigarette Tax Act; short title.
- § 7-12-2. Definitions.
- § 7-12-3. Excise tax on cigarettes; rates.
- § 7-12-3.1. Cigarette inventory tax; imposition of tax; date payment of tax due.
- § 7-12-3.2. Cigarette [stamp] inventories.
- § 7-12-4. Exemption.
- § 7-12-5. Affixing stamps; license fee.
- § 7-12-6. Waiver of requirement that stamps be affixed.
- § 7-12-7. Sale of stamps; prices.
- § 7-12-8. Redemption of stamps.
- § 7-12-9. License necessary to engage in business of selling cigarettes in New Mexico.
- § 7-12-10. Retention of invoices and records; inspection by department.
- § 7-12-11. Export sellers; physical segregation of cigarettes to be exported.
- § 7-12-12. Shipment of unstamped cigarettes in New Mexico.
- § 7-12-13. Penalties.
- § 7-12-14. Repealed.
- § 7-12-15. County and municipality recreational fund; distribution.
- § 7-12-16. County and municipal cigarette tax fund; distribution.
- § 7-12-17. Reporting requirements; penalty.
- Article 12A
- § 7-12A-1. Short title.
- § 7-12A-2. Definitions.
- § 7-12A-3. Imposition and rate of tax; denomination as "tobacco products tax"; date payment of tax due.
- § 7-12A-4. Exemption; tobacco products tax.
- § 7-12A-5. Deduction; interstate sales.
- § 7-12A-6. Refund or credit of tax.
- § 7-12A-7. Registration necessary to engage in business of selling tobacco products in New Mexico.
- § 7-12A-8. Retention of invoices and records; inspection by department.
- § 7-12A-9. Penalties.
- § 7-12A-10. Prohibition.
- Article 13
- § 7-13-1. Gasoline tax; short title.
- § 7-13-2. Definitions.
- § 7-13-3. Imposition and rate of tax; denomination as "gasoline tax".
- § 7-13-3.1. Gasoline inventory tax; imposition of tax; date payment of tax due.
- § 7-13-3.2. Gasoline inventories.
- § 7-13-3.3. Gasoline inventory tax rebate.
- § 7-13-3.4. Petroleum storage cleanup fund surcharge.
- § 7-13-4. Deductions; gasoline tax.
- § 7-13-4.1. Deduction; ethanol blended fuel.
- § 7-13-4.2. Deduction; ethanol blended fuel produced using New Mexico agricultural products.
- § 7-13-4.3. Findings and declaration of purpose.
- § 7-13-5. Tax returns; payment of tax.
- § 7-13-6. Returns by wholesalers; exception.
- § 7-13-7. Registration necessary to engage in business as distributor, wholesaler or retailer.
- § 7-13-8. Misdemeanor for anyone other than producer, refiner or pipeline company to transport or store drip gasoline; misdemeanor to use drip gasoline in vehicle operated on highways of this state; enforcement by state police; magistrate court jurisdiction.
- § 7-13-9. Repealed.
- § 7-13-10. Validation of pledges.
- § 7-13-11. Claim for refund or credit of gasoline tax paid on gasoline destroyed by fire, accident or acts of God before retail sale.
- § 7-13-12. Manifest or bill of lading required when transporting gasoline.
- § 7-13-13. Permit to purchase dyed gasoline and apply for refund of gasoline tax on gasoline not used in motor boats or in motor vehicles operated on highways of this state.
- § 7-13-14. Claim for refund of gasoline tax paid on gasoline not used in motor boats or in motor vehicles licensed to operate on highways of this state.
- § 7-13-15. Gasoline wholesalers or distributors may sell gasoline to be used other than in motor boats or in vehicles licensed to be operated on the highways; identifying dye shall be added to such gasoline.
- § 7-13-16. Repealed.
- Article 14
- § 7-14-1. Short title.
- § 7-14-2. Definitions.
- § 7-14-3. Imposition of motor vehicle excise tax.
- § 7-14-4. Determination of amount of motor vehicle excise tax.
- § 7-14-5. Time of payment of tax.
- § 7-14-6. Exemptions from tax.
- § 7-14-7. Credit against tax.
- § 7-14-8. Imposition of penalty for failure to make timely application.
- § 7-14-9. Refunds; protests; procedures.
- § 7-14-10. Distribution of proceeds.
- § 7-14-11. Administration by department; authority of department.
- Article 15
- § 7-15-1. Recompiled.
- § 7-15-1.1. Short title.
- § 7-15-2. Repealed.
- § 7-15-2.1. Definitions.
- § 7-15-3. Repealed.
- § 7-15-3.1. Trip tax; computation.
- § 7-15-4. Interest; penalties.
- § 7-15-5. Distribution of proceeds.
- § 7-15-6. Administration by department; authority of department.
- Article 15A
- § 7-15A-1. Short title.
- § 7-15A-2. Definitions.
- § 7-15A-3. Imposition of weight distance tax.
- § 7-15A-4. Responsibility for payment of tax.
- § 7-15A-5. Exemption from tax.
- § 7-15A-6. Tax rate for motor vehicles other than buses; reduction of rate for one-way hauls.
- § 7-15A-7. Tax rate for buses.
- § 7-15A-8. Mileage and weights to be used for computing tax.
- § 7-15A-9. Weight distance tax; payment to department; recordkeeping requirements. (Effective until July 1, 1990.)
- § 7-15A-9. Weight distance tax; payment to department; record-keeping requirements. (Effective July 1, 1990.)
- § 7-15A-10. Annual filing fee.
- § 7-15A-11. Annual safety and training fee; schedule; distribution.
- Article 16
- § 7-16-1. Short title.
- § 7-16-2. Definitions.
- § 7-16-3. Special fuel tax; imposition; rate.
- § 7-16-3.1. Petroleum storage cleanup fund surcharge.
- § 7-16-3.2. Payment of tax.
- § 7-16-4. Flat tax for liquefied petroleum gas-powered and natural gas-powered vehicles; LPG user permit.
- § 7-16-4.1. Tax-included users.
- § 7-16-4.2. Tax-excluded users.
- § 7-16-5. Dealer licenses; application; fee renewal; cancellation.
- § 7-16-6. Permits; tax-excluded users; penalty.
- § 7-16-7. Temporary tax-excluded permits; temporary highway user permits.
- § 7-16-8. Repealed.
- § 7-16-8.1. Bulk storage users; permits; prohibited acts.
- § 7-16-8.2. Special bulk storage user permit.
- § 7-16-9. Repealed.
- § 7-16-10. Bond required of dealer.
- § 7-16-10.1. Bond requirement; exception.
- § 7-16-11. Quarterly tax reports.
- § 7-16-12. Computation and payment of tax; records.
- § 7-16-13. Invoices required from dealers.
- § 7-16-14. Repealed.
- § 7-16-15. Delivery and use of special fuel prohibited in certain cases.
- § 7-16-18. Power to suspend or cancel license; surrender bond.
- Article 17
- § 7-17-1. Short title.
- § 7-17-2. Definitions.
- § 7-17-3. Repealed.
- § 7-17-4. Repealed.
- § 7-17-5. Imposition and rate of liquor excise tax.
- § 7-17-5.1. Repealed.
- § 7-17-6. Deduction; interstate sales.
- § 7-17-9. Exemption; certain sales to or by instrumentalities of armed forces.
- § 7-17-10. Date payment due.
- § 7-17-11. Refund or credit of tax.
- § 7-17-12. Interpretation of act; administration and enforcement of tax.
- Article 18
- Article 18A
- § 7-18A-1. Short title.
- § 7-18A-2. Definitions.
- § 7-18A-3. Imposition and rate of tax; denomination as "controlled substance tax".
- § 7-18A-4. Exemption; controlled substance tax.
- § 7-18A-5. Administration.
- § 7-18A-6. Judicial proceedings.
- § 7-18A-7. Notification of district attorney.
- Article 19
- § 7-19-1. Short title.
- § 7-19-2. Definitions.
- § 7-19-3. Repealed.
- § 7-19-4. Municipal gross receipts tax; authority to impose rate.
- § 7-19-4.1. Municipal gross receipts tax rate limit.
- § 7-19-5. Specific exemptions.
- § 7-19-6. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act.
- § 7-19-7. Procedure for adoption; effective date.
- § 7-19-8. Collection by revenue division; distribution of proceeds; deductions.
- § 7-19-9. Interpretation of act; administration and enforcement of tax.
- § 7-19-10. Short title.
- § 7-19-11. Definitions.
- § 7-19-12. Authorization to impose supplemental municipal gross receipts tax; authorization for issuance of supplemental municipal gross receipts bonds; election required; authorization removed.
- § 7-19-13. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division.
- § 7-19-14. Specific exemptions.
- § 7-19-15. Collection by division; transfer of proceeds; deductions.
- § 7-19-16. Interpretation of act; administration and enforcement of tax.
- § 7-19-17. Issuance of bonds; purposes.
- § 7-19-18. Supplemental municipal gross receipts tax; use of proceeds; restriction.
- Article 19A
- § 7-19A-1. Short title. (Effective until July 1, 1996.)
- § 7-19A-2. Definitions. (Effective until July 1, 1996.)
- § 7-19A-3. Special municipal gross receipts tax; authority to impose; ordinance requirements; authorization removed. (Effective until July 1, 1996.)
- § 7-19A-4. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division. (Effective until July 1, 1996.)
- § 7-19A-5. Specific exemptions. (Effective until July 1, 1996.)
- § 7-19A-6. Collection by division; distribution of proceeds; deductions. (Effective until July 1, 1996.)
- § 7-19A-7. Interpretation of act; administration and enforcement of tax. (Effective until July 1, 1996.)
- Article 20
- § 7-20-1. Short title.
- § 7-20-2. Definitions.
- § 7-20-3. County gross receipts tax; authority to impose rate; indigent fund requirements.
- § 7-20-3.1. County gross receipts tax; authority to impose additional rate in lieu of property tax.
- § 7-20-4. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division.
- § 7-20-5. Referendum requirements.
- § 7-20-6. Specific exemptions.
- § 7-20-7. Collection by division; distribution of proceeds; deductions.
- § 7-20-8. Use of county gross receipts tax.
- § 7-20-9. Interpretation of act; administration and enforcement of tax.
- § 7-20-19. Short title.
- § 7-20-20. Definitions.
- § 7-20-21. Special county hospital gross receipts tax; authority to impose; ordinance requirements.
- § 7-20-22. Ordinance shall conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the department.
- § 7-20-23. Specific exemptions.
- § 7-20-24. Collection by department; transfer of proceeds; deductions.
- § 7-20-25. Interpretation of act; administration and enforcement of tax.
- § 7-20-26. Distribution.
- Article 20A
- § 7-20A-1. Short title.
- § 7-20A-2. Definitions.
- § 7-20A-3. County fire protection excise tax; authority to impose; ordinance requirements.
- § 7-20A-4. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division.
- § 7-20A-5. Specific exemptions.
- § 7-20A-6. Collection by division; transfer of proceeds; deductions.
- § 7-20A-7. Interpretation of act; administration and enforcement of tax.
- § 7-20A-8. Distribution.
- § 7-20A-9. Budgetary limitation.
- Article 21
- Article 22
- Article 23
- § 7-23-1. [Producers exempt from license or occupation tax; sellers of meat; keeping of hides; notification of intent to slaughter.]
- § 7-23-2. [Penalty for violation.]
- Article 24
- § 7-24-1. License tax imposed by municipalities.
- § 7-24-2. License tax imposed by boards of county commissioners.
- § 7-24-3. [Payment of municipal or county tax required; closing establishment.]
- § 7-24-4. [License tax period; revocation or suspension of license; effect.]
- § 7-24-5. [Assignment and transfer of license; effect.]
- § 7-24-8. Short title.
- § 7-24-9. Definitions.
- § 7-24-10. Authorization to impose local liquor excise tax; rate; use of proceeds; election required.
- § 7-24-11. Date payment due.
- § 7-24-12. Exemption.
- § 7-24-13. Exemption; purchases for resale.
- § 7-24-14. Refund or credit of tax.
- § 7-24-15. Administrative charge.
- § 7-24-16. Interpretation of act; administration and enforcement of the tax.
- Article 24A
- § 7-24A-1. Short title.
- § 7-24A-2. Definitions.
- § 7-24A-3. Use of proceeds.
- § 7-24A-4. Limitations on power.
- § 7-24A-5. County gasoline tax; authorization; imposition; rate.
- § 7-24A-6. Procedure for adoption of ordinance; election; effective date.
- § 7-24A-6.1. County-wide gasoline tax; authorization.
- § 7-24A-7. Ordinance must conform to certain provisions of the Gasoline Tax Act.
- § 7-24A-8. Collection of county gasoline tax by division; transfer of proceeds.
- § 7-24A-9. Interpretation of County and Municipal Gasoline Tax Act.
- § 7-24A-10. Municipal gasoline tax; authorization; imposition; rate.
- § 7-24A-11. Procedure for adoption of ordinance; election; effective date.
- § 7-24A-12. Collection of municipal gasoline tax by division; transfer of proceeds.
- § 7-24A-13. Imposition of federal regulations.
- § 7-24A-14. Bond ordinance.
- § 7-24A-15. Terms of bonds.
- § 7-24A-16. Sale of bonds.
- § 7-24A-17. Construction.
- § 7-24A-18. Additional security.
- § 7-24A-19. Foreclosure.
- § 7-24A-20. Legal investments.
- § 7-24A-21. Joint election.
- Article 24B
- § 7-24B-1. Short title.
- § 7-24B-2. Definitions.
- § 7-24B-3. Use of proceeds.
- § 7-24B-4. Special county hospital gasoline tax; authorization; imposition; rate.
- § 7-24B-5. Procedure for adoption of ordinance; effective date.
- § 7-24B-6. Ordinance must conform to certain provisions of the Gasoline Tax Act.
- § 7-24B-7. Referendum requirements.
- § 7-24B-8. Collection of special county hospital gasoline tax by department; transfer of proceeds.
- § 7-24B-9. Interpretation of Special County Hospital Gasoline Tax Act.
- § 7-24B-10. Imposition of federal regulations.
- Article 25
- § 7-25-1. Short title.
- § 7-25-2. Purpose.
- § 7-25-3. Definitions.
- § 7-25-4. Rate and measure of tax; denomination as "resources tax".
- § 7-25-5. Rate and measure of tax; denomination as "processors tax".
- § 7-25-6. Rate and measure of tax; denomination as "service tax".
- § 7-25-7. Exemption; resources tax.
- § 7-25-8. Sales of natural resources subject to Gross Receipts and Compensating Tax Act.
- § 7-25-9. Date payment due.
- Article 26
- § 7-26-1. Short title.
- § 7-26-2. Definitions.
- § 7-26-3. Imposition of tax; denomination as "severance tax".
- § 7-26-4. Determination of taxable value of natural resources.
- § 7-26-5. Tax rates on severed natural resources except coal and uranium.
- § 7-26-6. Severance tax on coal; surtax.
- § 7-26-6.1. Repealed.
- § 7-26-7. Severance tax on uranium.
- § 7-26-7.1. Repealed.
- § 7-26-8. Date payment of tax due.
- § 7-26-9. Repealed.
- § 7-26-10. Purpose of act.
- § 7-26-11. Temporary provision; prohibition of double taxation.
- Article 27
- § 7-27-1. Short title.
- § 7-27-2. Severance tax bonding fund created.
- § 7-27-3. Severance tax permanent and income funds created.
- § 7-27-3.1. Transfer of investment powers.
- § 7-27-3.2. Definition.
- § 7-27-4. Severance tax permanent fund; disposition of income.
- § 7-27-5. Investment of severance tax permanent fund.
- § 7-27-5.1. Market rate investments.
- § 7-27-5.2. Deposits in New Mexico banks, savings and loan associations or credit unions.
- § 7-27-5.3. Conventional mortgage pass-through securities.
- § 7-27-5.4. New Mexico business investments.
- § 7-27-5.5. Educational loan notes.
- § 7-27-5.6. Venture capital investments.
- § 7-27-5.7. Oil and gas production investments. (Effective until July 1, 1991.)
- § 7-27-5.8. Finding and purpose.
- § 7-27-5.9. Oil and gas production assistance council created; purpose.
- § 7-27-5.10. Oil and gas production assistance council; composition.
- § 7-27-5.11. Oil and gas production assistance council; meetings; compensation.
- § 7-27-5.12. Oil and gas production assistance council; powers and duties.
- § 7-27-5.13. Educational institution research and development facilities revenue bonds.
- § 7-27-6. Severance tax bonding fund pledged.
- § 7-27-7. Special income to retire bonds.
- § 7-27-8. Transfer of money to severance tax permanent fund.
- § 7-27-9. Bonds to be known as severance tax bonds.
- § 7-27-10. State board of finance shall issue bonds.
- § 7-27-11. Authority to refund bonds.
- § 7-27-11.1. Declaration of legislative intent.
- § 7-27-12. When severance tax bonds to be issued.
- § 7-27-13. Reserved.
- § 7-27-14. Amount of tax; security for bonds.
- § 7-27-15. Majority approval necessary for board action.
- § 7-27-16. Form of bonds.
- § 7-27-17. Execution of bonds.
- § 7-27-18. Procedure for sale of bonds.
- § 7-27-19. Severance tax bonds legal investments.
- § 7-27-20. Expenses paid from severance tax bonding fund.
- § 7-27-21. Treasurer to make bond payments and keep records.
- § 7-27-22. Severance Tax Bonding Act to be full authority for issuance of bonds.
- § 7-27-23. Suit may be brought to compel performance of officers.
- § 7-27-24. Bonds tax free.
- § 7-27-25. No impairment of obligation of contract.
- § 7-27-26. Severance tax bonding fund continued.
- § 7-27-27. Purpose and intent.
- § 7-27-31. Severance tax income bond retirement fund created.
- § 7-27-32. Severance tax income bond retirement fund pledged.
- § 7-27-42. Severance tax income bonds; legal investments.
- § 7-27-43. Expenses paid from severance tax income bond retirement fund.
- § 7-27-44. Treasurer to make bond payments and keep records.
- § 7-27-45. Repealed.
- § 7-27-46. Suit may be brought to compel performance of officers.
- § 7-27-47. Bonds tax-free.
- § 7-27-48. Temporary provision; no impairment of obligation of contract.
- § 7-27, Appendix. .
- Article 28
- Article 29
- § 7-29-1. Title.
- § 7-29-2. Definitions.
- § 7-29-3. Repealed.
- § 7-29-4. Oil and gas severance tax imposed; collection; interest owner's liability to state; Indian liability.
- § 7-29-4.1. Taxable value; method of determining.
- § 7-29-4.2. Value may be determined by department; standard.
- § 7-29-4.3. Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- § 7-29-4.6. Temporary provision; credit.
- § 7-29-4.7. Repealed.
- § 7-29-5. Products on which tax has been levied; regulation by commission.
- § 7-29-6. Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
- § 7-29-7. Operator's report; tax remittance; additional information.
- § 7-29-8. Purchaser's report; tax remittance; additional information.
- Article 30
- § 7-30-1. Title.
- § 7-30-2. Definitions.
- § 7-30-3. Repealed.
- § 7-30-4. Oil and gas conservation tax levied; collected by department; rate; interest owner's liability to state; Indian liability.
- § 7-30-5. Taxable value; method of determining.
- § 7-30-6. Value may be determined by department; standard.
- § 7-30-7. Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- § 7-30-8. Products on which tax has been levied; regulation by department.
- § 7-30-9. Operator or purchaser to withhold interest owner's tax; department may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
- § 7-30-10. Operator's report; tax remittance; additional information.
- § 7-30-11. Purchaser's report; tax remittance; additional information.
- § 7-30-12. Repealed.
- § 7-30-13. Repealed.
- § 7-30-14. Recompiled.
- Article 31
- § 7-31-1. Title.
- § 7-31-2. Definitions.
- § 7-31-3. Repealed.
- § 7-31-4. Privilege tax levied; collected by division; rate; interest owner's liability to state; Indian liability.
- § 7-31-5. Taxable value; method of determining.
- § 7-31-6. Value may be determined by commission; standard.
- § 7-31-7. Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- § 7-31-8. Products on which tax has been levied; regulation by commission.
- § 7-31-9. Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
- § 7-31-10. Operator's report; tax remittance; additional information.
- § 7-31-11. Purchaser's report; tax remittance; additional information.
- Article 32
- § 7-32-1. Title.
- § 7-32-2. Definitions.
- § 7-32-3. Repealed.
- § 7-32-4. Ad valorem tax levied; collected by division; rate; interest owner's liability to state; Indian liability.
- § 7-32-5. Assessed value; method of determining.
- § 7-32-6. Value may be determined by commission; standard.
- § 7-32-7. Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- § 7-32-8. Products on which tax has been levied; regulation by commission.
- § 7-32-9. Operator or purchaser to withhold interest owner's tax; commission may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.
- § 7-32-10. Operator's report; tax remittance; additional information.
- § 7-32-11. Purchaser's report; tax remittance; additional information.
- § 7-32-12. Repealed.
- § 7-32-13. Division shall prepare schedules and forward to assessors; assessor shall deliver schedule to treasurer.
- § 7-32-14. Monthly report to department of finance and administration; remittance to state and county treasurers; state and county treasurers may distribute funds.
- § 7-32-15. Determination of assessed values for taxing districts.
- Article 33
- § 7-33-1. Short title.
- § 7-33-2. Definitions.
- § 7-33-3. Repealed.
- § 7-33-4. Privilege tax levied; collected by oil and gas accounting division of the taxation and revenue department; rate.
- § 7-33-5. Value may be determined by commission; standard.
- § 7-33-6. Price increase subject to approval of agency of United States of America, state of New Mexico or court; refund.
- § 7-33-7. Products on which tax has been levied; regulation by commission.
- § 7-33-8. Tax report; tax remittance; additional information.
- Article 34
- § 7-34-1. Short title.
- § 7-34-2. Definitions.
- § 7-34-3. Method of determining assessed value.
- § 7-34-4. Ad valorem tax levied.
- § 7-34-5. Oil and gas production equipment ad valorem tax to be exclusive measure of ad valorem tax liability.
- § 7-34-6. Tax statement; tax due date.
- § 7-34-7. Commission shall report to county; tax roll.
- § 7-34-8. Repealed.
- § 7-34-9. Monthly report to department of finance and administration; remittances to state and county treasurers; state and county treasurers may distribute funds.
- Article 35
- § 7-35-1. Short title.
- § 7-35-2. Definitions.
- § 7-35-3. Director's supervisory power over county assessors; duty to evaluate performance and provide technical assistance; property valuation fund created.
- § 7-35-4. Department to provide manuals and other materials.
- § 7-35-5. Training programs.
- § 7-35-6. Division to seek compliance by assessors and county commissioners.
- § 7-35-7. Suspension of county treasurer's functions; department of finance and administration's performance of county treasurer's functions.
- § 7-35-8. Authority for director to reduce amount required to be reimbursed to department by counties for services provided by department.
- § 7-35-9. Repealed.
- § 7-35-10. Division to furnish valuation services to state agencies and political subdivisions of the state.
- Article 36
- § 7-36-1. Provisions for valuation of property; applicability.
- § 7-36-2. Allocation of responsibility for valuation and determining classification of property for property taxation purposes; county assessor and division.
- § 7-36-2.1. Classification of property.
- § 7-36-3. Industrial revenue bond and pollution control bond project property; tax status.
- § 7-36-3.1. Metropolitan redevelopment property; tax status of lessee's interests.
- § 7-36-4. Fractional property interests; definitions.
- § 7-36-5. Fractional interests; legislative findings and purposes.
- § 7-36-6. Fractional interests; improvements; property tax status.
- § 7-36-7. Property subject to valuation for property taxation purposes.
- § 7-36-8. Certain personal property exempt from property tax.
- § 7-36-9. Inventories of personal property exempt from property taxation; exceptions.
- § 7-36-10. Exemption from property taxation; motor vehicles registered under the Motor Vehicle Code; exceptions.
- § 7-36-11. Reserved.
- § 7-36-12. Exemption from property tax; aircraft registered under the Aircraft Registration Act.
- § 7-36-13. Exemption from property tax; private railroad cars, the earnings of which are subject to taxation under provisions of Section 7-11-2 [7-11-3] NMSA 1978.
- § 7-36-14. Taxable situs; allocation of value of property.
- § 7-36-15. Methods of valuation for property taxation purposes; general provisions.
- § 7-36-16. Responsibility of county assessors to determine and maintain current and correct values of property.
- § 7-36-17. Repealed.
- § 7-36-18. Collection and publication of property valuation data.
- § 7-36-19. Valuation of major industrial and commercial properties; specialists' services furnished to county assessor by department.
- § 7-36-20. Special method of valuation; land used primarily for agricultural purposes.
- § 7-36-21. Special method of valuation; livestock.
- § 7-36-21.1. Repealed.
- § 7-36-22. Mineral property; definitions and classifications for valuation purposes.
- § 7-36-23. Special method of valuation; mineral property and property used in connection with mineral property; exception for potash and uranium mineral property and property used in connection with potash and uranium mineral property.
- § 7-36-24. Special method of valuation; mineral property and property used in connection with mineral property when the primary production from the mineral property is potash.
- § 7-36-25. Special method of valuation; mineral property and property used in connection with mineral property when the primary production from the mineral property is uranium.
- § 7-36-26. Special method of valuation; manufactured homes.
- § 7-36-27. Special method of valuation; pipelines, tanks, sales meters and plants used in the processing, gathering, transmission, storage, measurement or distribution of oil, natural gas, carbon dioxide or liquid hydrocarbons.
- § 7-36-28. Special method of valuation; pipelines, tanks, sales meters, plants and hydrants used in the transmission, storage, measurement or distribution of water.
- § 7-36-29. Special method of valuation; property used for the generation, transmission or distribution of electrical power or energy.
- § 7-36-30. Special methods of valuation; property that is part of a communications system.
- § 7-36-31. Special method of valuation; operating railroad property.
- § 7-36-32. Special method of valuation; commercial aircraft.
- § 7-36-33. Special method of valuation; certain industrial and commercial personal property.
- Article 37
- § 7-37-1. Provisions for imposition of tax; applicability.
- § 7-37-2. Imposition of the tax.
- § 7-37-3. Tax ratio established.
- § 7-37-4. Head-of-family exemption.
- § 7-37-5. Veteran exemption.
- § 7-37-6. Rate of tax cumulative; determination; governmental units' entitlement to tax.
- § 7-37-7. Tax rates authorized; limitations.
- § 7-37-7.1. Additional limitations on property tax rates.
- § 7-37-8. School tax rates.
- Article 38
- § 7-38-1. Applicability.
- § 7-38-2. Investigative authority and powers.
- § 7-38-3. Information reports.
- § 7-38-4. Confidentiality of information.
- § 7-38-5. Repealed.
- § 7-38-6. Presumption of correctness.
- § 7-38-7. Valuation date.
- § 7-38-8. Reporting of property for valuation; penalties for failure to report.
- § 7-38-8.1. Division to adopt regulations to require reporting of exempt property.
- § 7-38-9. Description of property for property taxation purposes.
- § 7-38-10. Department may ensure compliance with mapping and description of real property regulations by departmental installation of required system; reimbursement by county of costs incurred.
- § 7-38-11. Property reported in the wrong county.
- § 7-38-12. Property transfers; copies of documents to be furnished to assessor; penalty for violation.
- § 7-38-13. Statement of improvements to real property subject to local valuation; statement of decrease in value of property subject to local valuation.
- § 7-38-14. Tabulation of construction permits; information required to be furnished to county assessors.
- § 7-38-15. Information on real property sold, purchased, contracted to be sold or purchased, or exchanged by governmental bodies to be sent to or obtained by the department; department to compile and send information to county assessors.
- § 7-38-16. Condemnation proceedings; duty of condemning authority to notify county assessor.
- § 7-38-17. Claiming exemptions; requirements; penalties.
- § 7-38-17.1. Presumption of nonresidential classification; declaration of residential classification.
- § 7-38-18. Publication of notice of certain provisions relating to reporting property for valuation and claiming of exemptions.
- § 7-38-19. Valuation records.
- § 7-38-20. County assessor and division to mail notices of valuation.
- § 7-38-21. Protests; election of remedies.
- § 7-38-22. Protesting values, classification, allocation of values and denial of exemption determined by the division.
- § 7-38-23. Protest hearings; verbatim record; action by hearing officer; time limitations.
- § 7-38-24. Protesting values, classification, allocation of values and denial of exemption determined by the county assessor.
- § 7-38-25. County valuation protests boards; creation; duties; funding.
- § 7-38-26. Scheduling of protest hearings.
- § 7-38-27. Protest hearing; verbatim record; action by county valuation protests board; time limitations.
- § 7-38-28. Appeals from orders of the director or county valuation protests boards.
- § 7-38-29. Retention of hearing records.
- § 7-38-30. Department to allocate and certify valuations to county assessors.
- § 7-38-31. County assessor to certify net taxable values to the department.
- § 7-38-32. Department to prepare a compilation of net taxable values to be used for budget making and rate setting.
- § 7-38-33. Department of finance and administration to set tax rates.
- § 7-38-34. Board of county commissioners to order imposition of the tax.
- § 7-38-35. Preparation of property tax schedule by assessor.
- § 7-38-36. Preparation and mailing of property tax bills.
- § 7-38-36.1. Administrative fee to be charged if property tax is less than five dollars ($5.00).
- § 7-38-37. Contents of property tax bill.
- § 7-38-38. Payment of property taxes; installment due dates; refund in cases of overpayments.
- § 7-38-38.1. Recipients of revenue produced through ad valorem levies required to pay counties administrative charge to offset collection costs.
- § 7-38-38.2. Prepayment of certain property tax installments; resolution by board of county commissioners.
- § 7-38-39. Protesting values; claim for refund.
- § 7-38-40. Claims for refund; civil action.
- § 7-38-41. Protested property taxes; suspense fund; refunds; interest.
- § 7-38-42. Collection and receipt of and accounting for property taxes; application of receipts to delinquent taxes.
- § 7-38-43. Distribution of receipts from collected property taxes, penalties and interest.
- § 7-38-44. Special procedures for administration of taxes on personal property when probable removal of property from state will jeopardize collection of taxes.
- § 7-38-45. Special provisions relating to administration of taxes on livestock.
- § 7-38-46. Delinquent property taxes.
- § 7-38-47. Property taxes are personal obligation of owner of property.
- § 7-38-48. Property taxes are a lien against real property from January 1; priorities; continuance of taxing process.
- § 7-38-49. Unpaid property taxes; imposition of interest.
- § 7-38-50. Delinquent taxes; civil penalties.
- § 7-38-51. Notification to property owner of delinquent property taxes.
- § 7-38-52. Notification to motor vehicle division of unpaid property taxes on manufactured homes; notice of filing constitutes lien on vehicle.
- § 7-38-53. Collection of delinquent property taxes on personal property; assertion of claim against personal property.
- § 7-38-54. Demand warrant; contents.
- § 7-38-55. Surrender of personal property; penalty for refusal.
- § 7-38-56. Release of personal property seized.
- § 7-38-57. Notice of sale of personal property.
- § 7-38-58. Personal property sale requirements.
- § 7-38-59. Certificates of sale; effect of certificates of sale.
- § 7-38-60. Notification to property owner of delinquent taxes.
- § 7-38-61. Property taxes delinquent for more than two years; treasurer to prepare delinquency list; notation on property tax schedule.
- § 7-38-62. Authority of department to collect delinquent property taxes after receipt of tax delinquency list.
- § 7-38-63. Payment of delinquent taxes to the division; distribution.
- § 7-38-64. Authority of department to sell personal property for delinquent taxes.
- § 7-38-65. Collection of delinquent taxes on real property; sale of real property.
- § 7-38-66. Sale of real property for delinquent taxes; notice of sale.
- § 7-38-67. Real property sale requirements.
- § 7-38-68. Installment agreements.
- § 7-38-69. Distribution of amounts collected under installment agreements.
- § 7-38-70. Issuance of deeds as result of sale of real property for delinquent taxes; effect of deeds; limitation of action to challenge conveyance.
- § 7-38-71. Distribution of amounts received from sale of property.
- § 7-38-72. Notation on property tax schedule by county treasurer when property sold for delinquent taxes.
- § 7-38-73. Department of finance and administration to promulgate regulations regarding accounting for and distribution of property taxes collected.
- § 7-38-74. Officers and employees engaged in the administration of the property tax prohibited from buying property sold for delinquent property taxes; penalties for violation; sales of real property in violation declared void.
- § 7-38-75. Exception to property tax due date.
- § 7-38-76. Property subject to property taxation but omitted from property tax schedules in prior years.
- § 7-38-77. Authority to make changes in property tax schedule after its delivery to the county treasurer.
- § 7-38-78. Action by property owner in district court to change property tax schedule.
- § 7-38-79. Changes in property tax schedule ordered by the division; action by the division in district court to enforce ordered changes.
- § 7-38-80. Changes in property tax schedules as result of treasurer's action, department order or court order; collection of any additional property taxes due as result; refund of property taxes paid erroneously.
- § 7-38-81. Limitation on actions for collection of property taxes; presumption of payment of property taxes after ten years.
- § 7-38-81.1. Limitation on actions for collection of any levy or assessment in the form of property taxes; presumption of payment after ten years.
- § 7-38-82. Duty of persons responsible for administration of property tax to ascertain the names of owners of property; use of term "unknown owner" prohibited except in certain cases; validity of procedures when name of owner is incorrect or unknown.
- § 7-38-83. Timeliness.
- § 7-38-84. Notices; mailing.
- § 7-38-85. Extension of deadlines; general provision.
- § 7-38-86. Extension of deadlines at request of property owners.
- § 7-38-87. Administrative regulations; promulgation; general provisions.
- § 7-38-88. Procedures for adopting, amending or repealing certain department regulations.
- § 7-38-89. Validity of certain regulations; judicial review.
- § 7-38-90. Administrative regulations, rulings, instructions and orders; presumption of correctness.
- § 7-38-91. Publication and distribution of regulations and rulings.
- § 7-38-92. Attempts to evade or defeat the property tax.
- § 7-38-93. Interference with the administration of the Property Tax Code.
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