1. All NM Taxes
  2. Frequently Asked Questions
  3. In general, on which natural resources is the resources excise tax imposed?

In general, on which natural resources is the resources excise tax imposed?

Generally, the resources excise tax is imposed on: timber and any timber product and any metalliferous or non-metalliferous mineral product, combination, or compound severed in New Mexico excepting oil, natural gas, liquid hydrocarbons, and carbon dioxide.