§ 7-14-1 Short title
§ 7-14-2 Definitions
§ 7-14-3 Imposition of motor vehicle excise tax
§ 7-14-4 Determination of amount of motor vehicle excise tax
§ 7-14-5 Time of payment of tax
§ 7-14-6 Exemptions from tax
§ 7-14-7 Credit against tax
§ 7-14-7.1 Credit; vehicles used for short-term leasing; requirements;
§ 7-14-8 Imposition of penalty for failure to make timely application
§ 7-14-9 Refunds; procedures
§ 7-14-9.1 Protests
§ 7-14-9.2 Penalties for failure to submit report or to pay; interest
§ 7-14-10 Distribution of proceeds
§ 7-14-11 Administration by department; authority of department
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Terms Used In New Mexico Statutes > Chapter 7 > Article 14 - Motor Vehicle Excise Tax

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.