Imposition of penalty for failure to make timely application.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Motor Vehicle Excise Tax
  5. Imposition of penalty for failure to make timely application.

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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.

History: 1978 Comp., § 7-14-8, enacted by Laws 1988, ch. 73, § 18.

ANNOTATIONS

Effective dates. — Laws 1988, ch. 73, § 58 made Laws 1988, ch. 73, § 18 effective July 1, 1988.


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