New Mexico Administrative Code
Title 3 - TAXATION
Chapter 16 - MOTOR VEHICLE FUEL TAXES
Part 109 - CALCULATION OF EXCISE TAX
Section 3.16.109.8 - CALCULATION OF SPECIAL FUEL EXCISE TAX LIABILITY
Universal Citation: 3 NM Admin Code 3.16.109.8
Current through Register Vol. 35, No. 18, September 24, 2024
In computing the special fuel excise tax due, a special fuel excise tax taxpayer, in addition to the deductions provided in Section 7-16A-10 NMSA 1978, may deduct from the total amount of special fuel received in New Mexico during the tax period, the amount of special fuel sold or delivered when the receipt or use of the special fuel is subject to gross receipts tax under the provisions of 3.16.102.9 NMAC.
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