{"id":1406,"date":"2020-10-21T16:01:38","date_gmt":"2020-10-21T22:01:38","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/?p=1406"},"modified":"2026-04-11T13:20:51","modified_gmt":"2026-04-11T19:20:51","slug":"severance-tax","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2020\/10\/21\/severance-tax\/","title":{"rendered":"Severance Tax"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.5&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>New Mexico imposes a severance tax on the privilege of severing natural resources. &#8220;Natural resources&#8221; is defined as &#8220;timber and any metalliferous or nonmetalliferous mineral product, combination or compound thereof but does not include oil, natural gas, liquid hydrocarbon, individually or any combination thereof or carbon dioxide&#8221;.<\/p>\n<p>The severance tax applies at the following rates to the taxable value of the following natural resources:<\/p>\n<ul>\n<li>copper, 1\/2%;<\/li>\n<li>timber, 1\/8%;<\/li>\n<li>pumice, gypsum, sand, gravel, clay, fluorspar and other nonmetallic minerals, 1\/8%;<\/li>\n<li>lead, zinc, thorium, molybdenum, manganese, rare earth and other metals, 1\/8%,<\/li>\n<li>and gold and silver, 1\/5%.<\/li>\n<\/ul>\n<p>The severance tax on coal is $.57 per short ton for surface coal and $.55 per short ton for underground coal. There is a surtax also imposed on coal which is increased on July 1 of each calendar year for the previous calendar year. We compute the new rate in April and publish it on or before May 1 of each year.<\/p>\n<p>The severance tax on severed and saved uranium-bearing material is three and one-half percent of the taxable value of each pound of severed and saved U3O8contained in the uranium-bearing material.<\/p>\n<p>The severance tax is paid on or before the twenty-fifth (25th) day of the month following the month in which the taxable event occurs.<\/p>\n<h3>Contact Information<\/h3>\n<p>New Mexico Taxation and Revenue Department<br \/>P.O. Box 2308<br \/>Santa Fe, NM 87504-2308<\/p>\n<p>For assistance, please contact us at <strong><a href=\"mailto:OilGas.OutReach@tax.nm.gov\">OilGas.OutReach@tax.nm.gov<\/a><\/strong><\/p>\n<h3>Links<\/h3>\n<p><strong><a href=\"https:\/\/tap.state.nm.us\/tap\/\" target=\"_blank\" rel=\"noopener noreferrer\">Manage your account online<\/a><\/strong><br \/><strong><a href=\"http:\/\/trd.amazon.sks.com\/Businesses\/register-your-business.aspx\">Who Must Register?<\/a><\/strong><br \/><strong><a href=\"http:\/\/www.emnrd.state.nm.us\/main\/index.htm\" target=\"_blank\" rel=\"noopener noreferrer\">New Mexico Energy, Minerals, and Natural Resources Department<\/a><\/strong><br \/><strong><a href=\"http:\/\/www.tax.newmexico.gov\/forms-publications.aspx\">All Forms &amp; Publications<\/a><\/strong><br \/>Statutory Reference: Look for\u00a0<strong><a href=\"https:\/\/nmonesource.com\/nmos\/nmsa\/en\/nav_date.do\" target=\"_blank\" rel=\"noopener noreferrer\">Chapter 7, Article 33 NMSA 1978<\/a><\/strong>\u00a0in the New Mexico State Statutes.<\/p>\n<h3>Severance Tax Forms and Documents<\/h3>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<div class=\"rf-table\" data-public=1 data-account-guid=\"34821a9573ca43e7b06dfad20f5183fd\" data-folder-id=\"bad2f2e6-6360-4cbd-b260-d1bd9828989d\" data-widget-id=\"58339b07-6952-42c8-ab4e-492c95c345a1\"><\/div>\n<p>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><a href=\"\/other-all-nm-taxes\">back to list<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Mexico imposes a severance tax on the privilege of severing natural resources. &#8220;Natural resources&#8221; is defined as &#8220;timber and any metalliferous or nonmetalliferous mineral product, combination or compound thereof but does not include oil, natural gas, liquid hydrocarbon, individually or any combination thereof or carbon dioxide&#8221;. The severance tax applies at the following rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"960","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1406","post","type-post","status-publish","format-standard","hentry","category-all-nm-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Severance Tax : All NM Taxes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2020\/10\/21\/severance-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Severance Tax : All NM Taxes\" \/>\n<meta property=\"og:description\" content=\"New Mexico imposes a severance tax on the privilege of severing natural resources. &quot;Natural resources&quot; is defined as &quot;timber and any metalliferous or nonmetalliferous mineral product, combination or compound thereof but does not include oil, natural gas, liquid hydrocarbon, individually or any combination thereof or carbon dioxide&quot;. The severance tax applies at the following rates [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2020\/10\/21\/severance-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"All NM Taxes\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nmtaxationandrevenue\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-21T22:01:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-11T19:20:51+00:00\" \/>\n<meta name=\"author\" content=\"admin@sks.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin@sks.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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