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  1. All NM Taxes
  2. Frequently Asked Questions
  3. If I file resources excise tax, do I have to file the severance tax?

If I file resources excise tax, do I have to file the severance tax?

If you file the resources excise tax, you must file a severance tax report. If the taxpayer is not the owner of the natural resource, then the lessee must pay the tax.