New Mexico Statutes
§ 7-25-7 — Exemption; resources tax
New Mexico § 7-25-7
This text of New Mexico § 7-25-7 (Exemption; resources tax) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 7-25-7 (2026).
Text
Exempted from the resources tax is the taxable value of any natural resource that is processed in New Mexico and on whose taxable value the processors tax is paid.
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Legislative History
1953 Comp., § 72-16A-26, enacted by Laws 1966, ch. 48, § 7.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-25-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-25-7.