NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-14-8
Imposition of penalty for failure to make timely application
Official textnmonesource.comlast amended
A penalty of fifty percent of the tax is imposed on any person who is:
# A.
domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or
# B.
domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.
Amendment history
1978 Comp., § 7-14-8, enacted by Laws 1988, ch. 73, § 18.
Source: official source (NMSA chapter on nmonesource.com)
In this article (14 sections)
- 7-14-1 · Short title
- 7-14-2 · Definitions
- 7-14-3 · Imposition of motor vehicle excise tax
- 7-14-4 · Determination of amount of motor vehicle excise tax
- 7-14-5 · Time of payment of tax
- 7-14-6 · Exemptions from tax
- 7-14-7 · Credit against tax
- 7-14-7.1 · 7-14-7.1
- 7-14-8 · Imposition of penalty for failure to make timely application
- 7-14-9 · Refunds; procedures
- 7-14-9.1 · Protests
- 7-14-9.2 · Penalties for failure to submit report or to pay; interest
- 7-14-10 · Distribution of proceeds
- 7-14-11 · Administration by department; authority of department