To correctly complete Form RPD-41315, Cigarette Distributor’s Monthly Inventory Report, do not report negative amounts either on the form or on its schedules. A common reason for reporting negative numbers is entering incorrectly the number of cigarette packs...
To change registration information for: Cigarette TaxGaming TaxLiquor Excise TaxLocal Liquor Excise TaxTelecommunications Relay Service SurchargeWater Conservation FeeUse Form ACD-31015 Business Tax Registration to make changes and submit to the following address:...
Persons who want to reproduce, develop, distribute or use New Mexico tax forms must receive approval to generate any substitute New Mexico state tax form. A substitute form must meet the requirements of the New Mexico Taxation and Revenue Department (TRD). The...
If you want to reproduce, develop, distribute and or use New Mexico tax forms, you must first receive approval to generate any substitute New Mexico state tax form. A substitute form must meet the requirements of the New Mexico Taxation and Revenue Department (TRD)....
A taxpayer may qualify for a credit against current coal severance taxes if the coal is severed from Indian tribal land or if a tax is imposed on the privilege of severing coal from Indian tribal land. This credit is called the Intergovernmental Coal Severance Tax...
For the privilege of severing natural resources in New Mexico, the severer is subject to an excise tax on the taxable value of the quantity of natural resources severed and saved by or for him as determined under, and at the rates provided by the Severance Tax Act.
Timber and any timber product, and any metalliferous or non-metalliferous mineral product, combination or compound severed in New Mexico except for oil, natural gas, liquid hydrocarbons or carbon dioxide, are subject to the severance tax.
If you file for the severance tax, you must file for the resource excise tax.
“Severing” means: mining, quarrying, extracting, felling or producing any natural resource in New Mexico for sale, profit or commercial use.
Severance tax rates are: Potash is 2 1/2% of taxable valueCopper is 1/2% of taxable valueTimber is 1/8% of taxable valuePumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals are 1/8% of taxable valueLead, zinc, thorium, molybdenum, manganese,...