N.M. Stat. § 7-26-5
Current through 2024, ch. 69
The severance tax is imposed at the following rates on the taxable value determined under Section 7-26-4 NMSA 1978 of the following natural resources:
A. | potash | 2 1/2% |
B. | copper | 1/2% |
C. | timber | 1/8% |
D. | pumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals | 1/8% |
E. | lead, zinc, thorium, molybdenum, manganese, rare earth and other metals | 1/8% |
F. | gold and silver | 1/5% |
NMS § 7-26-5