2011 New Mexico Statutes
Chapter 7: Taxation
Article 14: Motor Vehicle Excise Tax, 7-14-1 through 7-14-11
Section 7-14-8: Imposition of penalty for failure to make timely application.
7-14-8. Imposition of penalty for failure to make timely application.
A penalty of fifty percent of the tax is imposed on any person who is:
A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or
B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
