New Mexico Taxes on Leases and Royalties

Russell Ensley · 2017-08-23T15:38:41Z

I am not a resident of New Mexico, but am planning on leasing my mineral interests in Lea County. I was wondering if anyone can point me to information about taxes at the state level related to a.) the lease b.) the royalties? I know this has to be reported at the federal level but just curious about the state of New Mexico. And are these usually (both federal and state) deducted by the lessor, or is the lessee usually responsible for paying these taxes when filing? Thanks for any input!

New Mexico Mineral Rights Lea County, NM