New Mexico § 7-1-12.1 - Department to designate production unit; index; identification by number or symbol
Full text of New Mexico New Mexico Statutes Annotated § 7-1-12.1 — Department to designate production unit; index; identification by number or symbol, with citation guidance and answers to common questions.
§ 7-1-12.1. Department to designate production unit; index; identification by number or symbol
A. The department shall have the power to designate the property that shall constitute
a production unit; provided, a production unit shall be a unit of property from which
products of common ownership are severed. B. The department shall compile and keep current an index of all production units
by description sufficient to properly identify such production units. C. The department shall assign to each production unit a number or symbol, and the
number or symbol shall serve as a means of identification for the purpose of reporting,
tax payment and tax collection of the taxes administered by the department.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-12.1
What does New Mexico Statutes Annotated § 7-1-12.1 cover?
Section 7-1-12.1 ("Department to designate production unit; index; identification by number or symbol") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 7-1-12.1?
A common citation format is "New Mexico Statutes Annotated § 7-1-12.1" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 7-1-12.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.