Section 7-16A-14 – Registration necessary to engage in business as rack operator, special fuel supplier or dealer.
Each person engaged in the business of selling special fuel in New Mexico as a rack operator, special fuel supplier or dealer shall register as such under the provisions of Section 7-1-12 NMSA 1978. History: Laws 1992, ch. 51, § 14; 1997, ch. 192, § 11. ANNOTATIONS The 1997 amendment, effective June 1, 1997, inserted […]
Section 7-16A-9 – Tax returns; payment of tax.
Rack operators and special fuel suppliers shall file tax returns in form and content as prescribed by the secretary on or before the twenty-fifth day of the month following the month in which special fuel is received in New Mexico. Payment of the tax shall be made with or prior to filing of the return. […]
Section 7-16A-9.1 – Returns by retailers; requirements.
Retailers shall file information returns in form and content as prescribed by the department on or before the twenty-fifth day of the month following the month in which special fuel is purchased in New Mexico. The department may require that the information returns be provided through electronic means if the department provides an exception from […]
Section 7-16A-9.2 – Returns by wholesalers.
Wholesalers shall file information returns in form and content as prescribed by the department on or before the twenty-fifth day of the month following the month in which special fuel is sold in New Mexico. The department may require that the information returns be provided through electronic means as long as an exception is provided […]
Section 7-16A-9.3 – Returns by rack operators; requirements.
Rack operators shall file information returns in form and content as prescribed by the department on or before the twenty-fifth day of the month following the month in which special fuel is distributed in New Mexico. The department may require that the information returns be provided through electronic means if the department provides an exception […]
Section 7-16A-9.4 – Reporting requirements; special fuel deduction; biodiesel.
A. A taxpayer that deducts an amount of special fuel that is biodiesel from the total amount of special fuel received in New Mexico pursuant to Paragraph (2) of Subsection H of Section 7-16A-10 NMSA 1978 shall report the deducted amount separately with the taxpayer’s return in a manner prescribed by the department. B. The […]
Section 7-16A-10 – Deductions; special fuel excise tax; special fuel suppliers.
In computing the tax due, the following amounts of special fuel may be deducted from the total amount of special fuel received in New Mexico during the tax period, provided that satisfactory proof thereof is furnished to the department: A. special fuel received in New Mexico, but exported from this state by a rack operator, […]
Section 7-16A-11 – Tax returns; payment of tax; special fuel users; exception.
A. Except as otherwise provided in this section, a special fuel user shall file a special fuel excise tax return in form and content as prescribed by the secretary to conform to the due date for the special fuel excise tax return required by an interstate agreement to which the state is a party. B. […]
Section 7-16A-12 – Credit; special fuel excise tax; special fuel users.
In computing any special fuel excise tax due, all special fuel excise tax paid on special fuel used during the reporting period may be credited against the calculated special fuel excise tax due for that reporting period, provided that satisfactory proof of the special fuel excise tax paid is furnished to the department. History: Laws […]
Section 7-16A-13 – Claim for refund or credit of special fuel excise tax paid; on special fuel destroyed by fire, accident or acts of God before retail sale; on special fuel previously received from a source other than a refiner or pipeline terminal.
A. Upon the submission of proof satisfactory to the department, the department shall allow a claim for refund or credit of any special fuel excise tax or special fuel inventory tax paid on special fuel destroyed by fire, accident or acts of God while in the possession of a supplier, bulk storage user or dealer. […]