2021 New Mexico Statutes
Chapter 7 - Taxation
Article 14 - Motor Vehicle Excise Tax

Section 7-14-1 - Short title. - Chapter 7, Article 14 NMSA 1978 may be cited as...

Section 7-14-2 - Definitions. - As used in the Motor Vehicle Excise Tax Act: A....

Section 7-14-3 - Imposition of motor vehicle excise tax. - An excise tax, subject to the credit provided by Section...

Section 7-14-4 - Determination of amount of motor vehicle excise tax. - The rate of the motor vehicle excise tax is four...

Section 7-14-5 - Time of payment of tax. - The tax shall be paid to the department by the...

Section 7-14-6 - Exemptions from tax. - A. A person who acquires a vehicle out of state...

Section 7-14-7 - Credit against tax. - If a vehicle has been acquired through an out-of-state transaction...

Section 7-14-7.1 - Credit; vehicles used for short-term leasing; requirements; reports. - A. Upon application of the owner, the secretary shall suspend...

Section 7-14-8 - Imposition of penalty for failure to make timely application. - A penalty of fifty percent of the tax is imposed...

Section 7-14-9 - Refunds; procedures. - A. If any person believes that the person has made...

Section 7-14-9.1 - Protests. - A. Any person upon whom a penalty is imposed by...

Section 7-14-9.2 - Penalties for failure to submit report or to pay; interest. - A. Any person required to submit the report required by...

Section 7-14-10 - Distribution of proceeds. - The receipts from the tax and any associated interest and...

Section 7-14-11 - Administration by department; authority of department. - A. The department has the authority and duty to administer...