New Mexico § 7-15A-7 Tax rate for buses

New Mexico Statutes

§ 7-15A-7 — Tax rate for buses

New Mexico § 7-15A-7

Ch. 7Taxation

Art. 15AWeight Distance Tax

This text of New Mexico § 7-15A-7 (Tax rate for buses) 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. § 7-15A-7 (2026).

Text

For all buses, the weight distance tax shall be computed in accordance with the following schedule: Declared Gross Weight Tax Rate (Gross Vehicle Weight) (Mills per Mile) 26,001 to 28,000 11.01 28,001 to 30,000 11.88 30,001 to 32,000 12.77 32,001 to 34,000 13.64 34,001 to 36,000 14.52 36,001 to 38,000 15.39 38,001 to 40,000 16.73 40,001 to 42,000 18.05 42,001 to 44,000 19.36 44,001 to 46,000 20.69 46,001 to 48,000 22.01 48,001 to 50,000 23.33 50,001 to 52,000 24.65 52,001 to 54,000 25.96 54,001 and over 27.29.

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For all buses, the weight distance tax shall be computed in accordance with the following schedule: Declared Gross Weight Tax Rate (Gross Vehicle Weight) (Mills per Mile) 26,001 to 28,000 11.01 28,001 to 30,000 11.88 30,001 to 32,000 12.77 32,001 to 34,000 13.64 34,001 to 36,000 14.52 36,001 to 38,000 15.39 38,001 to 40,000 16.73 40,001 to 42,000 18.05 42,001 to 44,000 19.36 44,001 to 46,000 20.69 46,001 to 48,000 22.01 48,001 to 50,000 23.33 50,001 to 52,000 24.65 52,001 to 54,000 25.96 54,001 and over 27.29.