NMSA 1978, § 7-14A-5 — Separately stating the leased vehicle gross receipts tax

When the leased vehicle gross receipts tax is stated separately on the books of the
lessor and if the total amount of tax that is stated separately on transactions reportable
within one reporting period is in excess of the amount of leased vehicle gross receipts
tax otherwise payable on the transactions on which the tax was separately stated, the
excess amount of tax stated on the transactions within that reporting period shall be
included in gross receipts.