Statutes, codes, and regulations
New Mexico Administrative Code
Title 3 - TAXATIONChapter 2 - GROSS RECEIPTS TAXES
Part 109 - EXEMPTION - GROSS RECEIPTS TAX - VEHICLES
Section 3.2.109.13 - ATVs

N.M. Admin. Code § 3.2.109.13

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Current through Register Vol. 35, No. 23, December 10, 2024
Section 3.2.109.13 - ATVs

Receipts from selling all-terrain vehicles (ATVs) are receipts from selling vehicles on which a tax is imposed by the Motor Vehicle Excise Tax. Therefore receipts from selling ATVs are exempt from gross receipts.

N.M. Admin. Code § 3.2.109.13

3.2.109.13 NMAC - N, 3/14/01