us-nm/stat
NMSA 1978, § 7-14-6 — Exemptions from tax
A.
A person who acquires a vehicle out of state thirty or more days before
establishing a domicile in this state is exempt from the tax if the vehicle was acquired for
personal use.
B.
A person applying for a certificate of title for a vehicle registered in another state
is exempt from the tax if the person has previously registered and titled the vehicle in
New Mexico and has owned the vehicle continuously since that time.
C.
A vehicle with a certificate of title owned by this state or any political subdivision
is exempt from the tax.
D.
A person is exempt from the tax if the person has a disability at the time the
person purchases a vehicle and can prove to the motor vehicle division of the
department or its agent that modifications have been made to the vehicle that are:
(1) due to that person's disability; and
(2) necessary to enable that person to drive that vehicle or be transported in
that vehicle.
E.
A person is exempt from the tax if the person is a bona fide resident of New
Mexico who served in the armed forces of the United States and who suffered, while
serving in the armed forces or from a service-connected cause, the loss or complete
and total loss of use of:
(1) one or both legs at or above the ankle; or
(2) one or both arms at or above the wrist.
F.
A person who acquires a vehicle for subsequent lease shall be exempt from the
tax if:
(1) the person does not use the vehicle in any manner other than holding it for
lease or sale or leasing or selling it in the ordinary course of business;
(2) the lease is for a term of more than six months;
(3) the receipts from the subsequent lease are subject to the gross receipts
tax; and
(4) the vehicle does not have a gross vehicle weight of over twenty-six
thousand pounds.
Source: official text