New Mexico § 7-14-8 Imposition of penalty for failure to make timely application

New Mexico Statutes

§ 7-14-8 — Imposition of penalty for failure to make timely application

New Mexico § 7-14-8

Ch. 7Taxation

Art. 14Motor Vehicle Excise Tax

This text of New Mexico § 7-14-8 (Imposition of penalty for failure to make timely application) 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. § 7-14-8 (2026).

Text

A penalty of fifty percent of the tax is imposed on any person who is: A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.

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A penalty of fifty percent of the tax is imposed on any person who is: A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.