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RPD-41086 SEV-5 REV. 4/2005 STATE OF NEW MEXICO TAXATION AND REVENUE DEPARTMENT REPORT OF SEVERANCE TAX COAL Mail the original of this report and the total amount due to the State of New Mexico, Taxation
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What is report of severance tax?
The report of severance tax is a document that provides information about the amount of tax owed on natural resources extracted and sold within a jurisdiction.
Who is required to file report of severance tax?
The individuals or companies engaged in the extraction and sale of natural resources are generally required to file the report of severance tax.
How to fill out report of severance tax?
The report of severance tax can usually be filled out online or through a paper form provided by the tax authorities. The specific instructions for filling out the report may vary depending on the jurisdiction.
What is the purpose of report of severance tax?
The purpose of the report of severance tax is to ensure that the appropriate taxes are paid on the extraction and sale of natural resources, and to provide the tax authorities with necessary information for accurate tax assessment.
What information must be reported on report of severance tax?
The information required to be reported on the severance tax report typically includes details about the quantity of natural resources extracted, the sale price, the applicable tax rate, and any deductions or exemptions that may apply.
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