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Are there any tax credits related to this tax program?

Natural Gas Processor Tax


Severance Tax - Non Oil & Gas

A taxpayer may qualify for a credit against current coal severance taxes if the coal is severed from Indian tribal land or if a tax is imposed on the privilege of severing coal from Indian tribal land. This credit is called the Intergovernmental Coal Severance Tax Credit. See Section 7-29C-2 NMSA 1978 .

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