There is a newer version of the New Mexico Statutes
2021
2020
2019
2018
2017
Other previous versions
View our newest version here

2014 New Mexico Statutes
Chapter 7 - Taxation
Section 14A Leased Vehicle Gross Receipts Tax
Section 7-14A-4 Presumption of taxability.

NM Stat § 7-14A-4 (2014) What's This?
7-14A-4. Presumption of taxability.
To prevent evasion of the leased vehicle gross receipts tax and the leased vehicle surcharge and to aid in their administration, it is presumed that all receipts of a person engaging in business are subject to the leased vehicle gross receipts tax and that all vehicles leased by that person are subject to the leased vehicle surcharge.
History: Laws 1991, ch. 197, 8; 1993, ch. 359, 2.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.