NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-14A-4
Presumption of taxability
Official textnmonesource.comlast amended
To prevent evasion of the leased vehicle gross receipts tax and the leased vehicle surcharge and to aid in their administration, it is presumed that all receipts of a person engaging in business are subject to the leased vehicle gross receipts tax and that all vehicles leased by that person are subject to the leased vehicle surcharge.
Amendment history
Laws 1991, ch. 197, § 8; 1993, ch. 359, § 2.
Source: official source (NMSA chapter on nmonesource.com)
In this article (12 sections)
- 7-14A-1 · Short title
- 7-14A-2 · Definitions
- 7-14A-3 · 7-14A-3
- 7-14A-3.1 · Imposition and rate; leased vehicle surcharge
- 7-14A-4 · Presumption of taxability
- 7-14A-5 · Separately stating the leased vehicle gross receipts tax
- 7-14A-6 · Date payment due
- 7-14A-7 · Deduction; transactions in interstate commerce
- 7-14A-8 · Deduction; trade-in allowance
- 7-14A-9 · Repealed
- 7-14A-10 · Distribution of proceeds
- 7-14A-11 · Administration