To determine for any purpose the total taxable value of property required to be taxed under the Copper Production Ad Valorem Tax Act for any taxing jurisdiction for any year after 1990, the taxable value of copper mineral property for the taxing jurisdiction entered upon the schedules prepared under the Copper Production Ad Valorem Tax Act for the tax year preceding the determination shall be used.
§ 7-39-7 NMSA 1978
Determination of taxable values for taxing districts
Known as the Copper Production Ad Valorem Tax Act
The act spans §§ 7–7 (10 sections).
1978 Comp., § 7-39-7, enacted by Laws 1990, ch. 125, § 14.
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.