Recovered Oil Tax Rate

Definition(s)


Recovered Oil Tax Rate

“Recovered oil tax rate” means the tax rate set forth in NMSA 1978, Section 7-29-4, on oil produced from an EOR project.

Source: Oil and Gas, New Mexico Administrative Code Title 19, Chapter 15, January 2013. Regulations

 

Recovered Oil Tax Rate

The tax rate provided by the Tax Code, §202.052(b).

Source: Oil and Gas Division, Texas Administrative Code, Title 16, Chapter 3, February 2013. Regulations