The tax shall not be levied more than once on the same product. Reporting of products on which the tax has been paid shall be subject to department rule.
§ 7-31-8 NMSA 1978
Products on which tax has been levied; department rule
Known as the Oil and Gas Emergency School Tax Act
The act spans §§ 7–7 (28 sections).
1953 Comp., § 72-21-8, enacted by Laws 1959, ch. 54, § 8; 1978 Comp., § 7-31-8, 2025, ch. 130, § 126.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.