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

In general, on what natural resources is the severance tax imposed?

Timber and any timber product, and any metalliferous or non-metalliferous mineral product, combination or compound severed in New Mexico except for oil, natural gas, liquid hydrocarbons or carbon dioxide, are subject to the severance tax.