N.M. Stat. § 7-15A-6

Current through 2024, ch. 69
Section 7-15A-6 - Tax rate for motor vehicles other than buses; reduction of rate for one-way hauls
A. For on-highway operations of motor vehicles other than buses, the weight distance tax shall be computed in accordance with the following schedule:

Declared Gross Weight (Gross Vehicle Weight)

Tax Rate (Mills per Mile)

26,001 to 28,000

11.01

28,001 to 30,000

11.88

30,001 to 32,000

12.77

32,001 to 34,000

13.64

34,001 to 36,000

14.52

36,001 to 38,000

15.39

38,001 to 40,000

16.73

40,001 to 42,000

18.05

42,001 to 44,000

19.36

44,001 to 46,000

20.69

46,001 to 48,000

22.01

48,001 to 50,000

23.33

50,001 to 52,000

24.65

52,001 to 54,000

25.96

54,001 to 56,000

27.29

56,001 to 58,000

28.62

58,001 to 60,000

29.93

60,001 to 62,000

31.24

62,001 to 64,000

32.58

64,001 to 66,000

33.90

66,001 to 68,000

35.21

68,001 to 70,000

36.52

70,001 to 72,000

37.86

72,001 to 74,000

39.26

74,001 to 76,000

40.71

76,001 to 78,000

42.21

78,001 and over

43.78.

B. All motor vehicles for which the tax is computed under Subsection A of this section shall pay a tax that is two-thirds of the tax computed under Subsection A of this section if:
(1) the motor vehicle is customarily used for one-way haul;
(2) forty-five percent or more of the mileage traveled by the motor vehicle for a registration year is mileage that is traveled empty of all load; and
(3) the registrant, owner or operator of the vehicle attempting to qualify under this subsection has made a sworn application to the department to be classified under this subsection for a registration year and has given whatever information is required by the department to determine the eligibility of the vehicle to be classified under this subsection and the vehicle has been so classified.

NMS § 7-15A-6

1978 Comp., § 7-15A-6, enacted by Laws 1988, ch. 73, § 33; 2003 (1st S.S.), ch. 3, § 4; 2004, ch. 59, § 1.