2021 New Mexico Statutes
Chapter 7 - Taxation
Article 14 - Motor Vehicle Excise Tax
Section 7-14-7 - Credit against tax.

Universal Citation:
NM Stat § 7-14-7 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

If a vehicle has been acquired through an out-of-state transaction upon which a gross receipts, sales, compensating or similar tax was levied by another state or political subdivision thereof, the amount of the tax paid may be credited against the tax due this state on the same vehicle.

History: 1978 Comp., § 7-14-7, enacted by Laws 1988, ch. 73, § 17.

ANNOTATIONS

Effective dates. — Laws 1988, ch. 73, § 58 made Laws 1988, ch. 73, § 17 effective July 1, 1988.

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