Section 7-25-2 - Purpose.
7-25-2. Purpose.
The purpose of the Resources Excise Tax Act [7-25-1 NMSA 1978] is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.
7-25-2. Purpose.
The purpose of the Resources Excise Tax Act [7-25-1 NMSA 1978] is to provide revenue for public purposes by levying a tax on the privilege of severing and processing natural resources within New Mexico.