New Mexico Statutes
§ 7-9-37 — Exemption; compensating tax; use of oil and gas in the
pipeline transportation of oil and gas products. Exempted from the compensating tax is the use of oil, natural gas, liquid hydrocarbon or any combination thereof as fuel in the pipeline transportation of such products.
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Legislative History
1953 Comp., § 72-16A-12.25, enacted by Laws 1969, ch. 144, § 30.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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; reversals