New Mexico Administrative Code
Title 3 - TAXATION
Chapter 12 - HIGHWAY USE TAXES AND FEES
Part 6 - TAX RATE FOR MOTOR VEHICLES OTHER THAN BUSES - REDUCTION OF RATE FOR ONE-WAY HAULS
Section 3.12.6.8 - QUALIFICATION AS ONE-WAY HAULER
Current through Register Vol. 35, No. 6, March 26, 2024
A. At the time that a vehicle is registered or reregistered under the provisions of the Motor Vehicle Code, the registrant, owner or operator of the vehicle may identify the vehicle as a one-way hauler if the registrant, owner or operator reasonably believes it will be qualified during that registration year for the rate reduction provided by Subsection B of Section 7-15A-6 NMSA 1978.
B. Only those vehicles that the registrant, owner or operator can reasonably expect at the time of registration or reregistration to travel forty-five percent (45%) or more of all miles traveled in New Mexico to be traveled empty of all load may be qualified as one-way haul vehicles.
C. Identification of a specific vehicle at the time of registration or reregistration as being qualified for the rate reduction provided by Subsection B of Section 7-15A-6 NMSA 1978 does not entitle the registrant, owner or operator of the vehicle to use the rate reduction in any reporting period that the vehicle does not travel forty-five percent (45%) or more of all New Mexico miles traveled empty of all load.
