Section 7-30-10 - Operator's report; tax remittance; additional information.

NM Stat § 7-30-10 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

Each operator shall, in the form and manner required by the department, make a return to the department showing the total value, volume and kind of products sold from each production unit for each calendar month. All taxes due or to be remitted by the operator shall accompany this return. The return shall be filed on or before the twenty-fifth day of the second month after the calendar month for which the return is required. A uranium or a coal return shall be filed on or before the twenty-fifth day of the month following the month in which the taxable event occurs pursuant to Section 7-26-6 or 7-26-7 NMSA 1978. Any additional report or information the department may deem necessary for the proper administration of the Oil and Gas Conservation Tax Act may be required.

History: 1953 Comp., § 72-20-10, enacted by Laws 1959, ch. 53, § 10; 1986, ch. 5, § 4; 1989, ch. 130, § 10; 2005, ch. 130, § 6.

The 2005 amendment, effective July 1, 2005, provided the deadline for filing uranium and coal returns.

The 1989 amendment, effective June 16, 1989, substituted "department" for "division" throughout the section.

Previous Section

Section 7-30-9 - Operator or purchaser to withhold interest owner's tax; department may require withholding of tax; tax withheld to be remitted to the state; operator or purchaser to be reimbursed.

Next Section

Section 7-30-11 - Purchaser's report; tax remittance; additional information.