7-14A-3. Imposition and rate of tax; denomination as "leased vehicle gross receipts tax".
A. For the privilege of engaging in business, an excise tax equal to five percent of gross receipts is imposed on any person engaging in business in New Mexico.
B. The tax imposed by this section shall be referred to as the "leased vehicle gross receipts tax".
7-14A-3. Imposition and rate of tax; denomination as "leased vehicle gross receipts tax".
A. For the privilege of engaging in business, an excise tax equal to five percent of gross receipts is imposed on any person engaging in business in New Mexico.
B. The tax imposed by this section shall be referred to as the "leased vehicle gross receipts tax".
7-14A-3. Imposition and rate of tax; denomination as "leased vehicle gross receipts tax".
A. For the privilege of engaging in business, an excise tax equal to five percent of gross receipts is imposed on any person engaging in business in New Mexico.
B. The tax imposed by this section shall be referred to as the "leased vehicle gross receipts tax".
