In computing any special fuel excise tax due, all special fuel excise tax paid on special fuel used during the reporting period may be credited against the calculated special fuel excise tax due for that reporting period, provided that satisfactory proof of the special fuel excise tax paid is furnished to the department.
§ 7-16A-12 NMSA 1978
Credit; special fuel excise tax; special fuel users
Known as the Special Fuels Supplier Tax Act
The act spans §§ 7–7 (31 sections).
Laws 1992, ch. 51, § 12; 1997, ch. 192, § 10.
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.