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

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-14-8. Imposition of penalty for failure to make timely application - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-14-8/

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