Section 7-29B-5 - Notice to secretary of taxation and revenue.
7-29B-5. Notice to secretary of taxation and revenue.
The division shall notify immediately the secretary of taxation and revenue upon:
A. adoption of rules pursuant to the provisions of the Natural Gas and Crude Oil Production Incentive Act [7-29B-1 NMSA 1978];
B. certification of the date that production has been restored on a production restoration project;
C. certification of the date that a well workover project has been completed; and
D. certification of the stripper well properties for the fiscal year.