New Mexico Statutes
§ 7-11-3 — Imposition of tax; tax rate; tax in lieu of property taxes
New Mexico § 7-11-3
This text of New Mexico § 7-11-3 (Imposition of tax; tax rate; tax in lieu of property taxes) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 7-11-3 (2026).
Text
A.There is imposed on the gross earnings of each organization for the 1996 and subsequent calendar years a tax of one and one-half percent.
B.The tax imposed in Subsection A of this section is in lieu of all property taxes on railway cars owned by an organization.
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Legislative History
1978 Comp., § 7-11-3, enacted by Laws 1982, ch. 18, § 19; 1987, ch. 108, § 1;
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-11-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-11-3.