1. All NM Taxes
  2. Frequently Asked Questions
  3. What are the processors tax rates?

What are the processors tax rates?

Processors tax rates are:

For all natural resources except timber, potash and molybdenum, the rate is three-fourths of one percent (3/4% or 0.75).
The rate for timber is three eighths of one percent (3/8% or 0.375).
The rate for potash is one-eighth of one percent (1/8% or 0.125).
The rate for molybdenum is one-eighth of one percent (1/8% or 0.125).