Section 7-15-1 – Recompiled.

ANNOTATIONS Recompilations. — Laws 1988, ch. 73, § 24 recompiled former 7-15-1 NMSA 1978, relating to computation of the trip tax, as 7-15-3.1 NMSA 1978, effective July 1, 1988.

Section 7-15-1.1 – Short title.

Chapter 7, Article 15 NMSA 1978 may be cited as the “Trip Tax Act”. History: 1978 Comp., § 7-15-1.1, enacted by Laws 1988, ch. 73, § 22.

Section 7-15-2 – Repealed.

ANNOTATIONS Repeals. — Laws 1988, ch. 73, § 56A, repealed 7-15-2 NMSA 1978, as enacted by Laws 1943, ch. 125, § 13, relating to exemption from mileage tax of certain vehicles transporting farm products, effective July 1, 1988.

Section 7-15-2.1 – Definitions.

As used in the Trip Tax Act: A. “combination gross vehicle weight” means the sum total of the gross vehicle weights of all units of a combination; B. “commercial motor carrier vehicle” means any motor vehicle with a gross weight of twelve thousand pounds or more used or reserved for use in the transportation of […]

Section 7-15-3 – Repealed.

ANNOTATIONS Repeals. — Laws 1988, ch. 73, § 56A repealed 7-15-3 NMSA 1978, as enacted by Laws 1943, ch. 125, § 14, relating to exemption from mileage tax of retail merchants doing business outside of state when transporting farm products to wholesalers or manufacturers, effective July 1, 1988.

Section 7-15-3.1 – Trip tax; computation.

A. For the purpose of providing funds for the construction, maintenance, repair and reconstruction of this state’s public highways, a use fee, to be known as the “trip tax”, is imposed in lieu of registration fees and the weight distance tax on the registrant, owner or operator of any foreign-based commercial motor carrier vehicle that […]

Section 7-15-3.2 – Exemption from tax.

Exempted from imposition of the trip tax is the use of the highways of this state by commercial motor carrier vehicles while operating exclusively within ten miles of a border with Mexico in conjunction with crossing the border with Mexico. History: Laws 2006, ch. 44, § 1. ANNOTATIONS Effective dates. — Laws 2006, ch. 44 […]

Section 7-15-4 – Interest; penalties.

A. If any trip tax is not paid when due, interest shall be paid to the state on such amount from the date on which the trip tax becomes due until it is paid. Interest shall be due to the state at the rate of fifteen percent a year, computed at the rate of one […]

Section 7-15-5 – Distribution of proceeds.

The receipts from permit fees established pursuant to Subsection C of Section 7-15-3.1 NMSA 1978, the trip tax and any associated interest and penalties shall be deposited into the “motor vehicle suspense fund”, hereby created in the state treasury. As of the end of each month, the net receipts attributable to the permit fees established […]

Section 7-15-6 – Administration by department; authority of department.

A. The department has the authority and duty to administer the Trip Tax Act and to impose, collect and enforce the trip tax. B. The department has the authority to interpret the provisions of the Trip Tax Act and to promulgate regulations with respect to the Trip Tax Act. The extent to which regulations will […]