7-1-6.23. Distribution to severance tax bonding fund.
72 words·~1 min read·
/nm/chapter-7-taxation/article-1-administration/7-1-6-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the severance tax bonding fund of the net receipts attributable to the taxes and advance payment imposed pursuant to the Severance Tax Act [7-26-1 to 7-26-8 NMSA 1978] and the Oil and Gas Severance Tax Act [Chapter 7, Article 29 NMSA 1978].
History: 1978 Comp., § 7-1-6.23, enacted by Laws 1985, ch. 65, § 9; 1991, ch. 9, § 18.