A. The department has the authority and duty to administer the Motor Vehicle Excise Tax Act and to impose, collect and enforce the motor vehicle excise tax.
B. The department has the authority to interpret the provisions of the Motor Vehicle Excise Tax Act and to promulgate regulations with respect to that act. The extent to which regulations will have retroactive effect shall be stated and, if no such statement is made, they will be applied prospectively only.
History: 1978 Comp., § 7-14-11, enacted by Laws 1988, ch. 73, § 21.
Effective dates. — Laws 1988, ch. 73, § 58 made Laws 1988, ch. 73, § 21 effective July 1, 1988.
Structure 2021 New Mexico Statutes
Article 14 - Motor Vehicle Excise Tax
Section 7-14-3 - Imposition of motor vehicle excise tax.
Section 7-14-4 - Determination of amount of motor vehicle excise tax.
Section 7-14-5 - Time of payment of tax.
Section 7-14-6 - Exemptions from tax.
Section 7-14-7 - Credit against tax.
Section 7-14-7.1 - Credit; vehicles used for short-term leasing; requirements; reports.
Section 7-14-8 - Imposition of penalty for failure to make timely application.
Section 7-14-9 - Refunds; procedures.
Section 7-14-9.2 - Penalties for failure to submit report or to pay; interest.
Section 7-14-10 - Distribution of proceeds.
Section 7-14-11 - Administration by department; authority of department.