New Mexico Statutes
§ 7-34-5 — Oil and gas production equipment ad valorem tax to be
New Mexico § 7-34-5
This text of New Mexico § 7-34-5 (Oil and gas production equipment ad valorem tax to be) 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. § 7-34-5 (2026).
Text
exclusive measure of ad valorem tax liability. The tax levied by Section 7-34-4 NMSA 1978 shall be the full and exclusive measure of ad valorem tax liability for equipment used at a production unit. Any other ad valorem tax on equipment used at a production unit is void.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 72-24-5, enacted by Laws 1969, ch. 119, § 5; 1985, ch. 65, §
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-34-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-34-5.