2021 New Mexico Statutes
Chapter 7 - Taxation
Article 14A - Leased Vehicle Gross Receipts Tax

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

Section 7-14A-2 - Definitions. - As used in the Leased Vehicle Gross Receipts Tax Act:...

Section 7-14A-3 - Imposition and rate of tax; denomination as "leased vehicle gross receipts tax". - A. For the privilege of engaging in business, an excise...

Section 7-14A-3.1 - Imposition and rate; leased vehicle surcharge. - A. Except as provided in Subsection B of this section,...

Section 7-14A-4 - Presumption of taxability. - To prevent evasion of the leased vehicle gross receipts tax...

Section 7-14A-5 - Separately stating the leased vehicle gross receipts tax. - When the leased vehicle gross receipts tax is stated separately...

Section 7-14A-6 - Date payment due. - The tax and the surcharge imposed by the Leased Vehicle...

Section 7-14A-7 - Deduction; transactions in interstate commerce. - Receipts from transactions in interstate commerce may be deducted from...

Section 7-14A-8 - Deduction; trade-in allowance. - Receipts represented by allowances granted for vehicle trade-ins may be...

Section 7-14A-9 - Exemption; vehicles titled before July 1, 1991. - The receipts from the leasing by the owner of vehicles...

Section 7-14A-10 - Distribution of proceeds. - At the end of each month, the net receipts attributable...

Section 7-14A-11 - Administration. - A. The department shall interpret the provisions of the Leased...