New Mexico § 7-29-4.3 Price increase subject to approval of agency of United

New Mexico Statutes

§ 7-29-4.3 — Price increase subject to approval of agency of United

New Mexico § 7-29-4.3

Ch. 7Taxation

Art. 29Oil and Gas Severance Tax

This text of New Mexico § 7-29-4.3 (Price increase subject to approval of agency of United) 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. § 7-29-4.3 (2026).

Text

States of America, state of New Mexico or court; refund. When an increase in the value of any product is subject to the approval of any agency of the United States of America or the state of New Mexico or any court, the increased value shall be subject to this tax. In the event the increase in value is disapproved, either in whole or in part, then the amount of tax which has been paid on the disapproved part of the value shall be considered excess tax. Any person who has paid any such excess tax may apply for a refund of that excess tax in accordance with the provisions of Section 7-1-26 NMSA 1978.

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States of America, state of New Mexico or court; refund. When an increase in the value of any product is subject to the approval of any agency of the United States of America or the state of New Mexico or any court, the increased value shall be subject to this tax. In the event the increase in value is disapproved, either in whole or in part, then the amount of tax which has been paid on the disapproved part of the value shall be considered excess tax. Any person who has paid any such excess tax may apply for a refund of that excess tax in accordance with the provisions of Section 7-1-26 NMSA 1978.