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Current as of January 01, 2024 | Updated by FindLaw Staff
A. For on-highway operations of motor vehicles other than 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 to 56,000 | 27.29 |
56,001 to 58,000 | 28.62 |
58,001 to 60,000 | 29.93 |
60,001 to 62,000 | 31.24 |
62,001 to 64,000 | 32.58 |
64,001 to 66,000 | 33.90 |
66,001 to 68,000 | 35.21 |
68,001 to 70,000 | 36.52 |
70,001 to 72,000 | 37.86 |
72,001 to 74,000 | 39.26 |
74,001 to 76,000 | 40.71 |
76,001 to 78,000 | 42.21 |
78,001 and over | 43.78. |
B. All motor vehicles for which the tax is computed under Subsection A of this section shall pay a tax that is two-thirds of the tax computed under Subsection A of this section if:
(1) the motor vehicle is customarily used for one-way haul;
(2) forty-five percent or more of the mileage traveled by the motor vehicle for a registration year is mileage that is traveled empty of all load; and
(3) the registrant, owner or operator of the vehicle attempting to qualify under this subsection has made a sworn application to the department to be classified under this subsection for a registration year and has given whatever information is required by the department to determine the eligibility of the vehicle to be classified under this subsection and the vehicle has been so classified.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-15A-6. Tax rate for motor vehicles other than buses; reduction of rate for one-way hauls - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-15a-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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