Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 1 - Administration, 7-1-1 through 7-1-82. > Section 7-1-6.23 - Distribution to severance tax bonding fund.

Section 7-1-6.23 - Distribution to severance tax bonding fund.

7-1-6.23. Distribution to severance tax bonding fund.

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 NMSA 1978] and the Oil and Gas Severance Tax Act [7-29-1 NMSA 1978].