New Mexico Administrative Code
Title 3 - TAXATION
Chapter 19 - SEVERANCE TAX
Part 4 - VALUE OF MINERALS
Section 3.19.4.12 - U[3]O[8] SHIPPED FOR CONVERSION TO UF[6]
Universal Citation: 3 NM Admin Code 3.19.4.12
Current through Register Vol. 35, No. 18, September 24, 2024
When U3O8 is shipped from New Mexico to another state for conversion into UF6 for delivery to the New Mexico taxpayer's customers, the New Mexico taxpayer may use for severance tax purposes the value of the U3O8 as determined at the time of the delivery of UF6 to the customer as the value to be reported for the taxable event.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
