us-nm/stat
NMSA 1978, § 7-16A-5 — Special fuel inventories
A.
On the day prior to the day in which the special fuel excise tax rate is increased
or decreased, each supplier, dealer and bulk storage user shall take inventory of the
gallons of special fuel on hand.
B.
Suppliers and bulk storage users shall report total gallons of special fuel in
inventory on the day prior to the day in which an increase in the special fuel excise tax
rate is effective and pay any special fuel inventory tax due.
Source: official text