Show Subnavigation

All Posts > Oil and Gas Production Taxes

It taxes all products severed and sold in New Mexico.


The tax is imposed on the taxable value of the product.


On all products, the tax rate is three and three-fourths percent (3.75%) of the taxable value.


Tax-incentive rates do exist per statute but may or may not be in effect. Tax incentives are included within t... Read More


You may qualify for a credit against current severance taxes if the products are severed from Indian tribal la... Read More


File the return and the payment on or before the 25th day of the second month after the month of production.


The conservation tax is a tax on all products severed and sold in New Mexico.


The tax is imposed on the taxable value of the product.


The tax rate depends on the product:

  • On oil, and also on oil and other liquid hydrocarbons removed from natural... Read More

You may qualify for a credit against current conservation taxes if the products are severed from Indian tribal... Read More


File thre return and hte payment on or before the 25th day of the second month following the month of producti... Read More


It is a privilege tax on the business of every person severing products in New Mexico.


The tax is imposed on the taxable value of the product.


The tax rate depends on the product:

  • On oil, and on oil and other liquid hydrocarbons removed from natural gas ... Read More

Tax incentive rates do exist per statute but may or may not be in effect. Please click the Contact Us button a... Read More


A taxpayer may qualify for a credit against current emergency school taxes if the products are:


Next
View Our Most Popular Pages & Services
Latest News:
Governor Susana Martinez

Governor Susana Martinez

Learn more about governor Martinez
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us