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It is a tax on processors for the privilege of operating a natural gas processing plant in New Mexico.


The tax is imposed on the amount of mmBtus of natural gas delivered to the processor at the inlet of the natur... Read More


Per statute, the Taxation and Revenue Department (TRD) calculates the rate through a formula each year, and TR... Read More


Natural Gas Processor Tax

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Severance Tax - Non Oil & Gas

A taxpayer may qualify for a credit against curre... Read More


The return and the payment are due on or before the 25th day of the month after the close of the plant process... Read More


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