Imposition and rate of tax; denomination as special fuel excise tax.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Special Fuels Supplier Tax
  5. Imposition and rate of tax; denomination as special fuel excise tax.

Checkout our iOS App for a better way to browser and research.

A. For the privilege of receiving or using special fuel in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of special fuel received in New Mexico.

B. The tax imposed by Subsection A of this section shall be twenty-one cents ($.21) per gallon of special fuel received or used in New Mexico.

C. The tax imposed by this section may be called the "special fuel excise tax".

History: Laws 1992, ch. 51, § 3; 1993, ch. 357, § 10; 2003 (1st S.S.), ch. 3, § 9.

ANNOTATIONS

The 2003 (1st S.S.) amendment, effective July 1, 2004, substituted "twenty-one cents ($.21)" for "eighteen cents ($.18)" in Subsection B.


Download our app to see the most-to-date content.