There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 7 - Taxation
Article 14 - Motor Vehicle Excise Tax
Section 7-14-8 - Imposition of penalty for failure to make timely application. (1988)
NM Stat § 7-14-8 (2013) What's This?
7-14-8. Imposition of penalty for failure to make timely application. (1988)
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.
History: 1978 Comp., § 7-14-8, enacted by Laws 1988, ch. 73, § 18.
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