New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 111 - EXEMPTION - COMPENSATING TAX - VEHICLES
Section 3.2.111.8 - CREDIT FOR TAXES PAID IN OTHER STATES
Universal Citation: 3 NM Admin Code 3.2.111.8
Current through Register Vol. 35, No. 18, September 24, 2024
The tax imposed by the Motor Vehicle Excise Tax Act will be considered paid if the credit received for excise taxes paid in another state equals the amount of tax due in New Mexico.
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