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  1. All NM Taxes
  2. Frequently Asked Questions
  3. Are there any tax incentives related to the oil and gas severance tax program?

Are there any tax incentives related to the oil and gas severance tax program?

Tax-incentive rates do exist per statute but may or may not be in effect. Tax incentives are included within the Enhanced Oil Recovery Act (Chapter 7, Article 29A) and the Natural Gas and Crude Oil Production Incentives Act (Chapter 7, Article 29B) Please contact the Oil and Gas Bureau for further information and applicability.