N.M. Stat. § 7-15A-7
§ 7-15A-7. Tax rate for buses
Year: 2026Length: 88 words
For all buses, the weight distance tax shall be computed in accordance with the following schedule:
Declared Gross Weight
Tax Rate
(Gross Vehicle Weight)
(Mills per Mile)
26,001 to 28,000
11.01
28,001 to 30,000
11.88
30,001 to 32,000
12.77
32,001 to 34,000
13.64
34,001 to 36,000
14.52
36,001 to 38,000
15.39
38,001 to 40,000
16.73
40,001 to 42,000
18.05
42,001 to 44,000
19.36
44,001 to 46,000
20.69
46,001 to 48,000
22.01
48,001 to 50,000
23.33
50,001 to 52,000
24.65
52,001 to 54,000
25.96
54,001 and over
27.29
.