A. Alternative fuel distributors shall file alternative fuel excise 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 alternative fuel is distributed in New Mexico. Payment of the alternative fuel excise tax shall be made with or prior to filing of the return.
B. In computing the alternative fuel excise tax due, amounts of alternative fuel distributed to an alternative fuel user may be deducted from the total amount of alternative fuel distributed in New Mexico during the tax period provided the alternative fuel user can establish proof of compliance with the provisions of Section 7 [7-16B-7 NMSA 1978] of the Alternative Fuel Tax Act.
History: Laws 1995, ch. 16, § 6.
ANNOTATIONS
Effective dates. — Laws 1995, ch. 16, § 17 made Laws 1995, ch. 16, § 6 effective January 1, 1996.
Cross references. — For provisions regarding continuity of actions brought under the Special Fuels Supplier Tax Act, see 7-16A-21 NMSA 1978.