The division shall notify immediately the secretary of taxation and revenue upon: A. adoption of rules pursuant to the provisions of the Natural Gas and Crude Oil Production Incentive Act;

Terms Used In New Mexico Statutes 7-29B-5

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

B. certification of the date that production has been restored on a production restoration project;

C. certification of the date that a well workover project has been completed; and

D. certification of the stripper well properties for the fiscal year.

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