N.M. Stat. § 7-15A-7
Current through 2024, ch. 69
For all 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 and over | 27.29. |
NMS § 7-15A-7