New Mexico Statutes

§ 7-9-23 — Exemption; compensating tax; vehicles

New Mexico·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax
Exempted from the compensating tax is the use of vehicles on which the tax imposed by the Motor Vehicle Excise Tax Act [Chapter 7, Article 14 NMSA 1978] has been paid, the use of vehicles subject to registration under Section 66-3-16 NMSA 1978 and the use of vehicles exempt from the motor vehicle excise tax pursuant to Subsection F of Section 7-14-6 NMSA 1978.

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Legislative History

1953 Comp., § 72-16A-12.11, enacted by Laws 1969, ch. 144, § 16; 1976

Nearby Sections

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