New Mexico § 7-29A-4 Notification to the secretary of taxation and revenue;

New Mexico Statutes

§ 7-29A-4 — Notification to the secretary of taxation and revenue;

New Mexico § 7-29A-4

Ch. 7Taxation

Art. 29AEnhanced Oil Recovery

This text of New Mexico § 7-29A-4 (Notification to the secretary of taxation and revenue;) 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. § 7-29A-4 (2026).

Text

duties of the secretary. A. The division shall immediately notify the secretary of taxation and revenue upon:

(1)certifying that a positive production response has occurred for an enhanced oil recovery project, in which case the notice shall contain the date certification was made and the date positive production response occurred;

(2)receiving notification of termination of an enhanced recovery project, in which case the notice shall contain the date of termination; and (3) adopting and promulgating rules and regulations pursuant to the provisions of the Enhanced Oil Recovery Act. B. The secretary of taxation and revenue shall adopt and promulgate rules and regulations to enforce the provisions of the Enhanced Oil Recovery Act.

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duties of the secretary. A. The division shall immediately notify the secretary of taxation and revenue upon: (1) certifying that a positive production response has occurred for an enhanced oil recovery project, in which case the notice shall contain the date certification was made and the date positive production response occurred; (2) receiving notification of termination of an enhanced recovery project, in which case the notice shall contain the date of termination; and (3) adopting and promulgating rules and regulations pursuant to the provisions of the Enhanced Oil Recovery Act. B. The secretary of taxation and revenue shall adopt and promulgate rules and regulations to enforce the provisions of the Enhanced Oil Recovery Act.