7-16A-3. Imposition and rate of tax; denomination as special fuel excise tax.

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

B.     The tax imposed by Subsection A of this section shall be twenty-one cents ($.21) per gallon of special fuel received or used in New Mexico.

C.     The tax imposed by this section may be called the "special fuel excise tax".