Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 25 - Resources Excise Tax, 7-25-1 through 7-25-9. > Section 7-25-7 - Exemption; resources tax.

Section 7-25-7 - Exemption; resources tax.

7-25-7. Exemption; resources tax.

Exempted from the resources tax is the taxable value of any natural resource that is processed in New Mexico and on whose taxable value the processors tax is paid.