New Mexico § 7-16B-4 Imposition and rate of tax; denomination as alternative fuel

New Mexico Statutes

§ 7-16B-4 — Imposition and rate of tax; denomination as alternative fuel

New Mexico § 7-16B-4

Ch. 7Taxation

Art. 16BAlternative Fuel Tax

This text of New Mexico § 7-16B-4 (Imposition and rate of tax; denomination as alternative fuel) 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. § 7-16B-4 (2026).

Text

excise tax. A. For the privilege of distributing alternative fuel in this state, there is imposed an excise tax at a rate provided in Subsection C of this section on each gallon of alternative fuel distributed in New Mexico. B. The tax imposed by this section may be called the "alternative fuel excise tax". C. For each gallon of alternative fuel distributed in New Mexico, the tax imposed by Subsection A of this section shall be:

(1)for alternative fuel that is compressed natural gas, thirteen and three- tenths cents ($.133) per gallon;

(2)for alternative fuel that is liquefied natural gas, twenty and six-tenths cents ($.206) per gallon; and (3) for alternative fuel not described in Paragraph (1) or (2) of this subsection, twelve cents ($.12) per gallon. D. Alternative fuel purchased for

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excise tax. A. For the privilege of distributing alternative fuel in this state, there is imposed an excise tax at a rate provided in Subsection C of this section on each gallon of alternative fuel distributed in New Mexico. B. The tax imposed by this section may be called the "alternative fuel excise tax". C. For each gallon of alternative fuel distributed in New Mexico, the tax imposed by Subsection A of this section shall be: (1) for alternative fuel that is compressed natural gas, thirteen and three- tenths cents ($.133) per gallon; (2) for alternative fuel that is liquefied natural gas, twenty and six-tenths cents ($.206) per gallon; and (3) for alternative fuel not described in Paragraph (1) or (2) of this subsection, twelve cents ($.12) per gallon. D. Alternative fuel purchased for distribution shall not be subject to the alternative fuel excise tax at the time of purchase or acquisition, but the tax shall be due on any alternative fuel at the time it is dispensed or delivered into the supply tank of a motor vehicle that is operated on the highways of this state.