Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 13 - Gasoline Tax, 7-13-1 through 7-13-18. > Section 7-13-3 - Imposition and rate of tax; denomination as "gasoline tax".

Section 7-13-3 - Imposition and rate of tax; denomination as "gasoline tax".

7-13-3. Imposition and rate of tax; denomination as "gasoline tax".

A.     For the privilege of receiving gasoline in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of gasoline received in New Mexico.   

B.     The tax imposed by Subsection A of this section shall be seventeen cents ($.17) per gallon received in New Mexico.   

C.     The tax imposed by this section may be called the "gasoline tax".