§ 7-12A-1 Short title
§ 7-12A-2 Definitions
§ 7-12A-3 Imposition and rates of tax; reduction of rate for certain tobacco products; denomination as “tobacco products tax”; date payment of tax due
§ 7-12A-4 Exemption; tobacco products tax
§ 7-12A-5 Deduction; interstate sales
§ 7-12A-6 Refund or credit of tax
§ 7-12A-7 Registration necessary to engage in business of selling tobacco products in New Mexico
§ 7-12A-8 Retention of invoices and records; inspection by department
§ 7-12A-9 Penalties
§ 7-12A-10 Prohibition
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Terms Used In New Mexico Statutes > Chapter 7 > Article 12A - Tobacco Products Tax

  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.