N.M. Admin. Code § 3.19.4.12

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.19.4.12 - U[3]O[8] SHIPPED FOR CONVERSION TO UF[6]

When U₃O₈ is shipped from New Mexico to another state for conversion into UF₆ for delivery to the New Mexico taxpayer's customers, the New Mexico taxpayer may use for severance tax purposes the value of the U₃O₈ as determined at the time of the delivery of UF₆ to the customer as the value to be reported for the taxable event.

N.M. Admin. Code § 3.19.4.12

10/31/97; 3.19.4.12 NMAC - Rn, 3 NMAC 19.4.12, 1/15/01