§ 7-14-8 NMSA 1978

Imposition of penalty for failure to make timely application

Known as the Motor Vehicle Excise Tax Act

The act spans §§ 7–7 (14 sections).

1978 Comp., § 7-14-8, enacted by Laws 1988, ch. 73, § 18.

A penalty of fifty percent of the tax is imposed on any person who is:

A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or

B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.