us-nm/stat

NMSA 1978, § 7-12-3 — 7-12-3

Excise tax on cigarettes; reduction of rate for certain
cigarettes.

A.

For the privilege of selling, giving or consuming cigarettes in New Mexico, there
is levied an excise tax at a rate of ten cents ($.10) for each cigarette sold, given or
consumed in this state.

B.

The tax imposed by this section shall be referred to as the "cigarette tax".

The tax imposed by this section shall be reduced by fifty percent for a cigarette
for which a modified risk tobacco product order has been issued by the United States
secretary of health and human services pursuant to Section 21 U.S.C. 387k(g)(1).

D.

The tax imposed by this section shall be reduced by twenty-five percent for a
cigarette for which a modified risk tobacco product order has been issued by the United
States secretary of health and human services pursuant to Section 21 U.S.C.
387k(g)(2).

Last amended: Laws 1943, ch. 95, § 2; 1941 Comp. Supp., § 76-1602; Laws 1947, ch. 111, § 1; 1949, ch. 180, § 2; 1953 Comp., § 72-14-2; Laws 1955, ch. 263, § 1; 1961, ch. 244, § 1; 1962 (S.S.), ch. 5, § 1; 1968, ch. 50, § 2; reenacted as 1953 Comp., § 72-14-3 by Laws 1971, ch. 77, § 3; 1984, ch. 52, § 1; 1985, ch. 25, §§ 1, 2, 5; 1986, ch. 13, § 2; 1993, ch. 30, § 19; 1993, ch. 358, § 2; 1995, ch. 70, § 13; 2003, ch. 341, § 2; 2007, ch. 182, § 2; 2010 (2nd S.S.), ch. 5, § 3; 2019, ch. 270, § 39.

Source: official text

NMSA 1978, § 7-12-3 — 7-12-3

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