N.M. Stat. § 7-14A-4

§ 7-14A-4. Presumption of taxability

Year: 2026Length: 57 words
To prevent evasion of the leased vehicle gross receipts tax and the leased vehicle surcharge and to aid in their administration, it is presumed that all receipts of a person engaging in business are subject to the leased vehicle gross receipts tax and that all vehicles leased by that person are subject to the leased vehicle surcharge.
N.M. Stat. § 7-14A-4: § 7-14A-4. Presumption of taxability | Justis AI