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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
[1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Active uranium mining stopped in New Mexico in 1998, although Rio Algom continued to recover uranium dissolved in water from its flooded underground mine workings at Ambrosia Lake until 2002. [9] Currently (April 7, 2014), there are 12 uranium mines that are either in the process of licensing or actively developing in New Mexico. [10]
Mining claim posted: NO Prospecting, Panning, Sluicing ... South Yuba River, California 2011 photo. A mining claim is the right to explore for and extract minerals from a tract of land. [19] Claim staking is the required procedure of marking the boundaries of the mining claim, typically with wooden posts or substantial piles of rocks. [20]
Although the ban is on all mining, the main effect is on exploration and development of breccia-pipe uranium deposits. Those claims on which commercial mineral deposits have already been discovered are exempt from the ban. During the two-year ban the Department of the Interior will study a proposed 20-year ban on new mining in the area. [14]
Banner Mining Company acquired most of the claims in the area by the late 1950s. Anaconda Mining Company acquired the claims to the property in 1963 and undertook a major exploration campaign that identified the Rosemont deposit as a major porphyry copper ore body. The company also advanced the Broadtop Butte and Peach-Elgin prospects.
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