Section 16. Mining Equipment

Mining equipment must be a “vehicle” as that term is defined in the Motor Vehicle Code in order to qualify for the deduction provided in Section 7-9-62 NMSA 1978 and Section 7-9- 77 NMSA 1978. A “motor vehicle” as defined in the Motor Vehicle Code is a vehicle which is self-propelled. Mining equipment that receives its power from a trailing cable which conveys electricity to it from an outside source is not self-propelled.