NMSA 1978, § 7-9-23 — Exemption; compensating tax; vehicles

Exempted from the compensating tax is the use of vehicles on which the tax
imposed by the Motor Vehicle Excise Tax Act [Chapter 7, Article 14 NMSA 1978] has
been paid, the use of vehicles subject to registration under Section 66-3-16 NMSA 1978
and the use of vehicles exempt from the motor vehicle excise tax pursuant to
Subsection F of Section 7-14-6 NMSA 1978.