Annually the commission shall compute the assessed value of equipment for each production unit and extend the applicable rates against the assessed value to determine the amount of tax due. The commission shall prepare a tax statement for each production unit showing the production unit identification, the taxing district in which it is located, calendar-year value, assessed value, district rates and the amount of tax due. The tax statement shall be sent to the operator on or before October 15th and payment shall be made to the commission on or before November 30.
History: 1953 Comp., § 72-24-6, enacted by Laws 1969, ch. 119, § 6.
Cross references. — For meaning of "commission", see 7-34-2A NMSA 1978.
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