State Codes and Statutes

Statutes > New-mexico > Chapter-7 > Article-25 > Section-7-25-2

7-25-2. Purpose.

The purpose of the Resources Excise Tax Act [7-25-1 NMSA 1978] is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.   

State Codes and Statutes

Statutes > New-mexico > Chapter-7 > Article-25 > Section-7-25-2

7-25-2. Purpose.

The purpose of the Resources Excise Tax Act [7-25-1 NMSA 1978] is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-7 > Article-25 > Section-7-25-2

7-25-2. Purpose.

The purpose of the Resources Excise Tax Act [7-25-1 NMSA 1978] is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.