To encourage the use of alternative fuel for the propulsion of motor vehicles on the roads of New Mexico, thereby increasing the market for supplies of New Mexico natural gas and reducing harmful environmental emissions, it is the purpose of the Alternative Fuel Tax Act to provide for fair taxation of alternative fuel used for such purposes.
History: Laws 1995, ch. 16, § 2.
Effective dates. — Laws 1995, ch. 16, § 17 made Laws 1995, ch. 16, § 2 effective January 1, 1996.
Structure New Mexico Statutes
Article 16B - Alternative Fuel Tax
Section 7-16B-1 - Short title.
Section 7-16B-3 - Definitions.
Section 7-16B-4 - Imposition and rate of tax; denomination as alternative fuel excise tax.
Section 7-16B-5 - Exemptions; alternative fuel excise tax.
Section 7-16B-6 - Tax returns; payment of tax; alternative fuel distributors.
Section 7-16B-7 - Tax returns; payment of tax; alternative fuel user permit.
Section 7-16B-8 - Alternative fuel distributor license required.
Section 7-16B-9 - Delivery and use of alternative fuel; prohibited acts.