To properly complete gaming tax returns, do not enter negative amounts. To report negative amounts arising from prior-period adjustments, amend the return in which the error occurred. If a refund is due, also file Form RPD-41071, Application for Tax Refund
To change registration information for: Cigarette Tax Gaming Tax Liquor Excise Tax Local Liquor Excise Tax Telecommunications Relay Service Surcharge Water Conservation Fee Use Form ACD-31015 Business Tax Registration to make changes and submit to the following...
See Chapter 7, Article 29 NMSA 1978
It taxes all products severed and sold in New Mexico.
The tax is imposed on the taxable value of the product.
On all products, the tax rate is three and three-fourths percent (3.75%) of the taxable value.
Tax-incentive rates do exist per statute but may or may not be in effect. Tax incentives are included within the Enhanced Oil Recovery Act (Chapter 7, Article 29A) and the Natural Gas and Crude Oil Production Incentives Act (Chapter 7, Article 29B) Please contact the...
You may qualify for a credit against current severance taxes if the products are severed from Indian tribal land or imposed on the privilege of severing products from Indian tribal land. This credit is the intergovernmental production tax credit.
File the return and the payment on or before the 25th day of the second month after the month of production.
Review specific information on Chapter 7, Article 30 NMSA 1978