New Mexico Statutes
§ 7-31-5 — Taxable value; method of determining
New Mexico § 7-31-5
This text of New Mexico § 7-31-5 (Taxable value; method of determining) 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. § 7-31-5 (2026).
Text
To determine the taxable value there shall be deducted from the value of products: A. royalties paid or due the United States or the state of New Mexico; B. royalties paid or due any Indian tribe, Indian pueblo or Indian that is a ward of the United States of America; and C. the reasonable expense of trucking any product from the production unit to the first place of market.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 72-21-5, enacted by Laws 1959, ch. 54, § 5; 1963, ch. 179, §
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-31-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-31-5.