NMSA 1978, § 7-12A-3 — 7-12A-3

Imposition and rates of tax; reduction of rate for certain
tobacco products; denomination as "tobacco products tax"; date
payment of tax due.

# A.

For the manufacture or acquisition of tobacco products in New Mexico, not
including cigars, little cigars, e-liquid, e-cigarettes or closed system cartridges, to be
distributed in the ordinary course of business and for the consumption of tobacco
products in New Mexico, there is imposed an excise tax at the rate of twenty-five
percent of the product value of the tobacco products.

# B.

For the manufacture or acquisition of cigars in New Mexico to be distributed in
the ordinary course of business and for the consumption of cigars in New Mexico, there
is imposed an excise tax at a rate equal to twenty-five percent of the product value of
the cigar, not to exceed fifty cents ($.50) per cigar.

# C.

For the manufacture or acquisition of little cigars in New Mexico to be distributed
in the ordinary course of business and for the consumption of little cigars in New
Mexico, there is imposed an excise tax at a rate equal to the rate imposed on cigarettes
pursuant to Section 7-12-3 NMSA 1978 per package of little cigars.

# D.

For the manufacture or acquisition of e-liquid or closed system cartridges
containing more than five milliliters of e-liquid in New Mexico to be distributed in the
ordinary course of business and for the consumption of e-liquid in New Mexico, there is
imposed an excise tax at a rate equal to twelve and one-half percent of the product
value of the e-liquid.

# E.

For the manufacture or acquisition of closed system cartridges containing five
milliliters or less of e-liquid in New Mexico to be distributed in the ordinary course of
business, there is imposed an excise tax at a rate of fifty cents ($.50) per closed system
cartridge.

# F.

The taxes imposed by this section may be referred to as the "tobacco products
tax".

# G.

The tobacco products tax shall be paid by the first purchaser on or before the
twenty-fifth day of the month following the month in which the taxable event occurs.