New Mexico § 7-12-3 Excise tax on cigarettes; reduction of rate for certain

New Mexico Statutes

§ 7-12-3 — Excise tax on cigarettes; reduction of rate for certain

New Mexico § 7-12-3

Ch. 7Taxation

Art. 12Cigarette Tax

This text of New Mexico § 7-12-3 (Excise tax on cigarettes; reduction of rate for certain) 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. § 7-12-3 (2026).

Text

cigarettes.

A.For the privilege of selling, giving or consuming cigarettes in New Mexico, there is levied an excise tax at a rate of ten cents ($.10) for each cigarette sold, given or consumed in this state.

B.The tax imposed by this section shall be referred to as the "cigarette tax".

C.The tax imposed by this section shall be reduced by fifty percent for a cigarette for which a modified risk tobacco product order has been issued by the United States secretary of health and human services pursuant to Section 21 U.S.C. 387k(g)(1).

D.The tax imposed by this section shall be reduced by twenty-five percent for a cigarette for which a modified risk tobacco product order has been issued by the United States secretary of health and human services pursuant to Section 21 U.S.C. 387k(g)(2).

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cigarettes. A. For the privilege of selling, giving or consuming cigarettes in New Mexico, there is levied an excise tax at a rate of ten cents ($.10) for each cigarette sold, given or consumed in this state. B. The tax imposed by this section shall be referred to as the "cigarette tax". C. The tax imposed by this section shall be reduced by fifty percent for a cigarette for which a modified risk tobacco product order has been issued by the United States secretary of health and human services pursuant to Section 21 U.S.C. 387k(g)(1). D. The tax imposed by this section shall be reduced by twenty-five percent for a cigarette for which a modified risk tobacco product order has been issued by the United States secretary of health and human services pursuant to Section 21 U.S.C. 387k(g)(2).