us-nm/stat
NMSA 1978, § 7-14-7 — Credit against tax
A.
If a vehicle has been acquired through an out-of-state transaction upon which a
gross receipts, sales, compensating or similar tax was levied by another state or
political subdivision thereof, the amount of the tax paid may be credited against the tax
due this state on the same vehicle.
B.
If a vehicle has been acquired through a transaction on reservation or trust land
within an Indian nation, tribe or pueblo, located wholly or partly in New Mexico, upon
which a gross receipts, sales, compensating or similar tax was levied by the Indian
nation, tribe or pueblo, the amount of the tax paid may be credited against the tax due
this state on the same vehicle.
Source: official text