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.
§ 7-9-37 NMSA 1978
Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products
Known as the Gross Receipts and Compensating Tax Act
The act spans §§ 7-9-1 to 7-9-99 (192 sections).
1953 Comp., § 72-16A-12.25, enacted by Laws 1969, ch. 144, § 30.
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.