There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 7 - Taxation
Article 15A - Weight Distance Tax
Section 7-15A-7 - Tax rate for buses. (2004 AARS)
NM Stat § 7-15A-7 (2013) What's This?
7-15A-7. Tax rate for buses. (2004 AARS)
For all buses, the weight distance tax shall be computed in accordance with the following schedule:
| Declared Gross Weight | Tax Rate | |||
| (Gross Vehicle Weight) | (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. |
History: 1978 Comp., § 7-15A-7, enacted by Laws 1988, ch. 73, § 34; 2003 (1st S.S.), ch. 3, § 5; 2004, ch. 59, § 2.
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